The government as our largest landlord?
It makes one wonder what these lease payments will be based on, surely they won't undercut going market rents
Servicing Guide Announcement 09-33: New Deed-for-Lease Program
Fannie Mae has issued the following Announcement:
* 09-33: New Deed-for-Lease Program
On November 5, 2009, Fannie Mae issued Servicing Guide Announcement 09-33: New Deed-for-Lease™ Program. This announcement introduced the Deed-for-Lease Program (D4L), which allows qualified borrowers with properties transferred through deed-in-lieu of foreclosure (DIL) or their tenants to remain in their home by executing a lease in conjunction with a DIL.
Link to whole release...
https://www.efanniemae.com/sf/guides.../2009/0933.pdf
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