US HOUSING CRISIS UPBEAT NEWS! FANNIE MAE LETS RENTER STAY DESPITE FORECLOSURES!!!!
This has to be good news for all who are currently renting private owned properties in the United States; whereby the landlords have fallen into foreclsoure!
According to the New York times,
"In a move that provides relief to thousands of renters who face eviction but draws the federal government even deeper into the housing market, the loan giant Fannie Mae said Sunday that it would sign new leases with renters living in foreclosed properties owned by the company."
Wow can't believe it good ol fannie is now a Landlord! Guess what if you want to move they are there to help too!
"While it may be sometimes tougher for us to sell a property when people are in it, we understand that lots of people are in tough situations right now,” said Chuck Greener, a Fannie Mae spokesman. “If a renter wants to stay in their home, we’ll make that happen. And if they want to move out, in many cases we’ll help them pay for the move.”
Know anyone who is about to get into foreclosure in the any US State? Perhaps this is a time to rent from them
What do you say readers?
According to the New York times,
"In a move that provides relief to thousands of renters who face eviction but draws the federal government even deeper into the housing market, the loan giant Fannie Mae said Sunday that it would sign new leases with renters living in foreclosed properties owned by the company."
Wow can't believe it good ol fannie is now a Landlord! Guess what if you want to move they are there to help too!
"While it may be sometimes tougher for us to sell a property when people are in it, we understand that lots of people are in tough situations right now,” said Chuck Greener, a Fannie Mae spokesman. “If a renter wants to stay in their home, we’ll make that happen. And if they want to move out, in many cases we’ll help them pay for the move.”
Know anyone who is about to get into foreclosure in the any US State? Perhaps this is a time to rent from them
What do you say readers?
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