Now, Fannie Mae will be a landlord to some of the renters in properties foreclosed.  Due to the current market the renter of the foreclosed homes have been stuck in the cross fires.  Many states have been altering the laws to help them in their crisis by delaying the eviction process.

"Their new policy will apply to renters in single and multi-family homes, condos, co-ops and manufactured houses who are in place when Fannie Mae acquires the property.  The tenants will be offered a new month-to-month lease which will require them to pay market rate rent but they will not have to post security deposits.  And if the renter chooses to vacate the property instead, Fannie Mae will offer financial assistance for their move to other housing."

    Here's the fine print though... the foreclosed home must meet state laws and local codes to be eligible for their program.