Posts with tag deed for lease

No longer able to afford your mortgage payment? Thinking about walking away from your underwater house? Really, what you'd like is an affordable way to stay in your current residence until you find a better solution. Then Fannie Mae's Deed-for-Lease program might be right for you. The program was first announced in... Continue Reading »

Homeowners facing foreclosure will be allowed to rent their homes at market rates for up to a year. The program, called "Deed for Lease" was announced by government-controlled mortgage backer Fannie Mae on Thursday. Homeowners voluntarily exchange the deed to their house back to the lender for the right to rent their... Continue Reading »