Real estate blog entries tagged with deed for lease by Jim Paulson (Owner/Broker) (Progressive Realty (Boise Idaho) www.Progressive-Realty.info)

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Home : Blogs : Jim Paulson (Owner/Broker) : Jim's Boise Idaho Real Estate Blog : Tag "deed for lease"

deed for lease: Shared Equity Loans With Banks to Reduce Debt to that Bank or the National Debt? - 12/07/09 11:06 AM

The National Association of Realtors had a contest this year about "Game Changing Ideas for the Real Estate Industry". Let's use the collective knowledge of Active Rain to think about the way to effectively use our industry to help get us out of this financial mess our country is in!
For example, I was just thinking of Fannie Mae's new Deed For Lease program in people living in a home can lease it back for 12 months at fair market rents if they meet certain criteria and their housing ratio is at or below 31%.
https://www.efanniemae.com/sf/servicing/d4l/
I think that program has … (3 comments)

deed for lease: Deed For Lease is great option to keep people in homes! - 12/05/09 11:14 AM

I just learned about the Fannie Mae program which was launched in November to help keep properties occupied if they are foreclosed and also help the tenants from becoming homeless through no fault of their own. It is called Deed For Lease.
Essentially, as long as the tenant (either borrower or renter) can afford to pay "fair market rents" and their lease payment still falls below 31% of their income, they can sign a 12 month lease and stay in the home instead of adding another distressed looking property into the market!
I hope my fellow Realtors will take the time … (7 comments)

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Jim Paulson (Owner/Broker)

Boise, ID

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Progressive Realty (Boise Idaho) www.Progressive-Realty.info

Address: Boise, ID

Office Phone: (877) 466-9648

Cell Phone: (208) 573-0471

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Jim Paulson is currently the Past President of the Ada County Association of Realtors. I try to use this experience coupled with my 20 years being a licensed Realtor to help bring you relevant information and hopefully an occasional thought provoking idea or two. I am a member of the Greater Boise Chamber of Commerce and and Accredited business with the Better Business Bureau. I can help with Idaho Foreclosures, Boise Idaho Short Sales, building a new home, or even using First time home buyer grants and niche lending prodcuts to buy or strategically sell homes. I am here for your real estate marketing needs! http://www.IdahoMLStours.com Http://www.Progressive-Realty.info Virtual Tour Inventory Widget

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