Deed for Lease Program by Fannie Mae's

Deed-for-Lease Program by Fannie Mae’s

Filed in Uncategorized on Dec.27, 2009

Qualified homeowner voluntary transfer the deed to his property back to the lender, and signing a lease to the property.
The individual or Family becomes a tenant rather than an owner. But they remain in the home and escape the trauma and inconvenience of relocating.
This program help eliminate some of the uncertainties of foreclosure, keeps families and tenant in their homes during the transition period and helps stabilize neighborhoods and communities.
To participate, borrowers must live in the home as their primary residence and must be released from any subordinate liens on the property. Tenants of borrowers may also be eligible under the program. Borrowers and tenants interest in a lease must be able to document that the current rental rate is no more than 31 percent of their gross income.
Lease may be up to 12 months, with the possibility of a term renewal or month-to-month extension after that period.
Well like many things this such programs, it involves a lot of paperwork which is almost impossible to get this program with lost of jobs nationwide.
For more details, consult with your lender.

Tags: deed-for-lease

Comments Off

http://topsy.com/tb/nn.nf/1bcbe Tweets that mention Deed for Lease Program by Fannie Mae’s | Florida Granite Blog’s — Topsy.com

[...] This post was mentioned on Twitter by Florida Granite, Florida Granite. Florida Granite said: My new blog post "Deed-for-Lease Program by Fannie Mae's" http://nn.nf/1bcbe [...]

blog comments powered by Disqus

Kitchen Hints & Tips
Settings menu
Sponsor by:
Here you’l Find
appliances bad economy better business construction industry contractors countertop concerned do it your self done deal drywall tainted from china faced foreclosure falling behind first home buyers Florida state of emergency for drywall foreclosure for renter foreclosure notice Granite cou Granite countertops granite fabricator granite top Hardship letter Help is available home improvement home insurance home remodeling imminent eviction Keep your Home kitchen appliances Kitchen Tips lenders like new low cost mortgage company mortgage rates nowhere to live Potential risk in Granite Power light Radiation in my countertop Radon and Granite Counter Tops radon test granite repaired stimulus Plan tax credit undertake Welcome Florida Granite 2009 workout
Recent Comments:
Translator
Real Estate NEWS

Brought to you by eToro Indexes Online Trading
unique visit

496
Today Visitors
A++
Powered By
Special, AD of the Month!

Give a gift certificate today for high-end kitchen appliances, kitchen tools, cutlery and cookware!
Feeds for Florida Granite
- Homes built in 1978 or earlier need be tested for lead February 20th, 2011
  Yes the Toxic Substance Control Act requires all contractors and remodelers MUST be EPA certified, and agree to follow Lead safe Work Practices when working in houses 1978 and earlier. The Act goes into effect on April 22, 2010 and fines for non-compliance can e as high as $37,500.00 per day, per violation! Every state […]
- The right to dry washing cloth outside February 20th, 2011
  You know that dry washing cloth outside you can save money and energy? Special in these times of a poor economy and low, but very low income reduced. Yes, Florida Statute FS 163.04 on energy devices based on renewable resources says: “No deed restrictions, covenants or similar binding agreements running with the land shall prohibit […]
- take a look at some of the cool new products February 20th, 2011
  Good featured at 2009 International Building show **Kitchen and Bathroom new features **2009 Building Show **Cool Products for your Kitchen and home […]
- helping Haiti February 20th, 2011
  Friends, In the last two years, FloridaGranite has become the leader in granite Fabrication in south Florida. In doing so, we’ve been very fortunate in many ways. In light of the dark news coming out of Haiti, I’ve decided to try and extend a helping hand to the millions affected. This tragedy has hit very close to […]
- Florida Foreclosure Crisis February 20th, 2011
  Florida the foreclosure crisis continues to be very real Problem. Statistics from the third quarter of 2009 indicate that foreclosure filings hit a record high, with Florida Being one of the states most affected(by Florida Consumer Services). Florida Granite Blog are dedicated to informing consumers who are confronted with foreclosure about their rights and […]
- Earthquake in Haiti: Emergency aid on the way February 20th, 2011
  Partners respond with first shipment of supplies for affected families. Donate now » Donate now » All storiesUNICEF and partners respond with first shipment of supplies for affected families. UNICEF rushing supplies to quake-stricken Haiti […]
- Deed-for-Lease Program by Fannie Mae’s February 20th, 2011
  Qualified homeowner voluntary transfer the deed to his property back to the lender, and signing a lease to the property. The individual or Family becomes a tenant rather than an owner. But they remain in the home and escape the trauma and inconvenience of relocating. This program help eliminate some of the uncertainties of foreclosure, […]
- How can you unsubscribe to the Phone Book, to save trees February 20th, 2011
  How can you unsubscribe to the phone Books and yellow pages to good cause, Save Trees, Water and electricity. Just Click on the website www.yellowPagesOptOut.com. The site will ask for your zip code, and then provided the publisher(s) off your local phone books. You may then contact the publisher to adjust the number of directories […]
- November housing construction is up 8.9 percent February 20th, 2011
  Hard to believe, because in Florida we still in bad shape. Construction of new homes, helped by better weather, rebounded in November following a setback in the previous months. The Commerce Depart. says construction of new homes and apartments rose 8.9 percent in November to a season adjusted annual rate of 574,000 units and we […]
- US bad home loans set to fall in 2010 February 20th, 2011
  US borrowers who have slipped behind on mortgage payments will fall in 2010 for the first time since the financial turmoil began in a sign the nation’s housing crisis is abating, the credit bureau TransUnion forescast Today. In the third quarter of 2009, delinquencies hit 6.25 per cent of mortgages – About three times the […]
Florida Granite Materials

Florida Granite Blog's

Kitchen Tips and hints