Fannie Mae Introduces Deed for Lease Program

By
Real Estate Agent with RE/MAX 4000

On November 5, 2009, Fannie Mae introduced a new program designed to minimize family displacement, deterioration of neighborhoods caused by vandalism and theft to vacant homes, and the effect these have on families, communities and home price stabilization.

Called "Deed-for-Lease" (D4L) allows qualifying borrowers of properties transferred through deed-in-lieu (DIL) of foreclosure to remain in their home and community by executing a lease of up to 12 months in conjunction with a DIL.  Investment properties that are tenant-occupied may also be considered as long as the borrower is cooperative in providing information from the tenant to facilitate the D4L.

For more information on the Deed-For-Lease Program, please visit www.efanniemae.com

 

 11/17 I received an email from Chris Thorman at Software Advice and Chris put together some great information comparing mortgage rates v. rental rates in the top 10 metro areas to see if it even makes sense, read more here   

(Thanks Chris!)

Posted by

Sandra Mathewson

CRS ABR GRI SFR CDPE

RE/MAX 4000 Inc.

call or text (970) 261-1686

I am Sandra Mathewson, a full-time Realtor working both as a listing agent and a buyer's agent. I love using the internet to meet people and keep in touch with friends and clients. I write this blog to show you why Grand Junction, Fruita, Palisade and surrounding real estate is truly something to be desired.

Visit my GrandJunctionHomesGuide.com website if you are considering buying or selling. You will find it as your best online source of information. How is the market doing? I'll keep you posted with the most current MLS reports. You can also search for homes for sale in Grand Junction (including Fruita, Palisade and surrounding areas). Read about the communities, events and things to do in this great Grand Junction, Colorado Lifestyle.

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Rainmaker
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Ilyce Glink
Think Glink Media - Chicago, IL
Best-selling author, award-winning TV/radio host.

Sandra, Thanks for spreading the word about this program. A lot of people have been coming to me with questions about it and that's why I dedicated a good chunk of time on my most recent radio show on WSB to trying to clear up the details.

Nov 17, 2009 05:07 AM #1
Rainmaker
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Sandra Mathewson
RE/MAX 4000 - Grand Junction, CO
CRS,ABR,SRES,GRI,CDPE RE/MAX

Ilyce,

I will check out your postings and radio show.

Thank you.

Nov 17, 2009 10:57 AM #2
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Rainmaker
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Sandra Mathewson

CRS,ABR,SRES,GRI,CDPE RE/MAX
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