Cash for clunkers, cash for appliances, cash for carts and now deed for lease.  

Fannie Mae to Allow Borrowers to Lease Homes.

Some homeowners who face foreclosure may be able to stay as tenants in their houses for the time being, even if they forfeit ownership, under a program announced on Thursday by Fannie Mae.

Under the program, called Deed for Lease, those owners who qualify would be able to remain in their residences by signing a lease voluntarily transferring the property deed back to the lender. Fannie Mae said the program could help thousands of defaulting homeowners stay in their houses for at least another 12 months.

 

 

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Keller Williams Real Estate
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1 Comments on Deed for Lease Program

NOV
05
2009
967,426 Points 60 Featured Posts Outside Blog Called Shot Master

The name of the program... Deed for Lease... sounds very similar to what some states call Contract for Deed.  Obviously, it is different.  If this can help some families stay in their homes.. it will be a tremendous help to them.
4:54pm • #1


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The Jeff Rickert Team Pocono Realtor®, RSPS, SRES

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