Fannie Mae is moving to become the biggest landlord in the U.S.A.

Long Beach, CA. Recently, Housingwire.com, a web based real estate site covered the big story that Fannie Mae announced earlier this month that they would allow renters to stay in their homes after the foreclosure process has been consummated.

Potentially homeless and hapless ex-homeowners would have a few options including:

"Cash for Keys," wherein they would receive a lump sum of money to leave the house in tact, broom swept, and trashed out. Normally, banks pay between $2000.00-$4000.00 to get people out of the property. This helps the banks market properties because they can easily be shown when they are vacant.

The article is continued at: http://www.longbeachrealestateandloans.com/