Fannie Mae Could be Your New Landlord

January 17, 2009 by admin · Leave a Comment
Filed under: Mortgage articles 

for rent

After previously announcing that it wouldn’t kick out any tenants of foreclosed properties through the end of January, Fannie Mae has stepped up efforts with the establishment of its so-called National Real Estate Owned (REO) Rental Policy.

Going forward, those renting a Fannie Mae-owned foreclosed property will be offered new month-to-month leases based on market rents for the area with no security deposits, or Read more