Support for Renters in a Foreclosing Home

[Jennifer Griner]

Renters in Fannie Mae-owned properties may be able to stay in their homes

Fannie Mae Tenant-in-Place Rental Policy

To help minimize disruption, eligible renters who want to stay in a home that has been foreclosed can sign a month-to-month lease if the property is owned by Fannie Mae. The policy, which applies to properties owned by Fannie Mae, will help bring stability to communities affected by high foreclosure rates.

Eligible renters will be offered a new month-to-month lease with Fannie Mae and Fannie Mae will manage the properties through a real estate broker or a property management company. Renters may also be eligible for financial assistance if they desire to relocate.

Here are the highlights of the program criteria...


Another option is the Deed-for-Lease program.




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