What is a Deed-for-Lease?
Deed-for-Lease(TM)
Fannie Mae’s Deed-for-Lease Program (D4L), allows qualified borrowers (or their tenants) to execute a lease of up to 12 months in conjunction with their deed-in-lieu of foreclosure, allowing them to remain in their home as a renter. Borrowers interested in exploring this option should discuss it with their mortgage servicer.
To qualify both the property and borrower (or tenant of the borrower) must meet certain general qualifications. Read about the qualifications.
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