Fannie Mae has announce its new program to assist with the problem of renters getting evicted when their rental property becomes foreclosed. Fannie will be offering month-to-month leases or financial assistance to move to new housing.
These properties will be managed through REO Broker offices or RE Management Companies.
For the full article, visit: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bD7F13A6D-FDA8-46A9-87A8-EF9F58355D3A%7d&siteid=nbkh
For more information, please review the policy FAQs at (Due to the length of URL, please copy and paste into browser) www.fanniemae.com/newsreleases/2009/faq/FAQ_national_REO_rental_policy_010709.pdf
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