Can homeowners who go through foreclosure renting their homes through Fannie Mae instead of losing it completely. And "lease deed" program allows homeowners to transfer ownership of Fannie Mae and sign a lease for a year, then month-to-month extensions. Although this program helps to keep people in their homes, which helps in the housing market, the number of foreclosures drop too.The the past three months, according to RealtyTrac. There were 332,292 foreclosed properties in October, up 3% from September, but about 19% since last October.
Saturday, 8 December 2012
Renting From Fannie Mae
Can homeowners who go through foreclosure renting their homes through Fannie Mae instead of losing it completely. And "lease deed" program allows homeowners to transfer ownership of Fannie Mae and sign a lease for a year, then month-to-month extensions. Although this program helps to keep people in their homes, which helps in the housing market, the number of foreclosures drop too.The the past three months, according to RealtyTrac. There were 332,292 foreclosed properties in October, up 3% from September, but about 19% since last October.
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Nice article , want to know more about this topic.
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