Slowly, the steps to making some progress are being recognized and put into implementation! The following article at least provides for the opportunity of a home owner or tenant who is in a property to be foreclosed to be able to RENT the property (month-to-month.) While not a permanent fix – it does help to provide a little extra time to make other arrangements…if you need help in finding more details – call Tammy at 937-838-0997.
Daily Real Estate News | March 6, 2009 |
Freddie Mac Launches Rental Initiative
Freddie Mac is launching a rental initiative, which will give former owners and tenants of foreclosed property the opportunity to lease their recently foreclosed properties month to month.
The REO rental initiative will be managed by HomeSteps, Freddie Mac’s national real estate unit, and implemented through several national property management firms. Freddie Mac has about 8,500 properties in various stages of foreclosure.
Freddie Mac also will continue to suspend evictions through March 31 to ensure that former owners and occupants have an opportunity to explore new options available to them.
To qualify for a lease, the tenant or former owner must occupy the property and show they have adequate income to pay the monthly rental amount established by the property management company based on market rents for the area. Occupants must agree to allow HomeSteps to show the home to potential buyers during the lease period.
An easy to use, step-by-step guide has been designed to give you the tools you need (no matter what your level of computer skills – you’ll be able to use our simple forms and call scripts!) It could be the best $20 you spend! ORDER HERE :
Being INFORMED is the best tool you can have to begin to face your fear of a pending foreclosure. It is also the only way that you can FIGHT FORECLOSURE. Many people that I have talked with, simply did not have the basic information that they needed to try and STOP the Foreclosure, and then they are faced with the humiliation of all that transpires and the need to find someplace else to live.
So much goes on and yet – there is HELP and if you are interested in finding out what you can do: either to sell the property before the foreclosure, save your property from foreclosure, or if you just want to take control over your life again after foreclosure – CLICK HERE to send me a confidential email.
If you have any part of mortgage debt “relieved” in 2007, 2008 or 2009 – Don’t miss this helpful TAX BENEFIT! Click HERE for DETAILS.
Are you wanting more information on the HR 3221 bill? This SUMMARY will help explain the details in terms you can understand – all in all, it looks like a very good deal that is needed to help get the overall housing market back on track. CLICK HERE to read the Summary.
As a Realtor, we are asked to “voice our opinion” and try to lobby for things within the real estate market that need to be protected / preserved / changed / updated / done away with. Many times – the result of our one voice may seem lost in the multitude of so many others – but here is a reply I received today that I thought I would share. Preserving one’s ability to buy the American Dream is what have been fighting for! (more…)