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FreddieMac's REO Rental Initiative Announced on March 5th

FreddieMac just launched an initiative to help more people stay in their homes. They have announced that they are suspending evictions until April 1, 2009 so that the occupants of homes can understand their options under this new initiative.

See the excerpt below from the FreddieMac website:

FREDDIE MAC OFFICIALLY LAUNCHES REO RENTAL INITIATIVE FOR TENANTS, OWNER-OCCUPANTS AFTER FORECLOSURE

McLean, VA - Freddie Mac (NYSE: FRE) today announced the official launch of its new REO Rental Initiative giving qualified tenants and former owners the option to lease their recently foreclosed properties on a month-to-month basis. The REO Rental Initiative will be managed by HomeSteps®, Freddie Mac's national real estate unit, and implemented through several national property management firms.

Continue Reading:

This information comes directly from FreddieMac's website. Click link above to finish reading about this initiative.

Posted by Sonja Adams on 03/06/2009 08:36 AM

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freddie mac, freddiemac reo rental initiative, freddiemac foreclosure

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