Know your renters' rights!
Just because you're renting doesn't mean you don't have rights if your home is being foreclosed on. Being knowledgeable -- and responsive -- can make the difference between renting a place you can call home without worries and getting an unwelcome and uprooting shock without warning.
Watch out for potential problem properties
Often the best way to solve a foreclosure rental problem is to avoid it all together. Learn how to find out if the property you want to rent is facing foreclosure.
Protection for renters in foreclosure
Deed for Lease Program can help renters stay in home
Fannie Mae is introducing the Deed-for-Lease Program (D4L), a program designed to minimize family displacement, deterioration of neighborhoods caused by vandalism and theft to vacant homes, and the effect these have on families, communities and home price stabilization. Investment properties that are tenant-occupied may be considered as long as the borrower is cooperative in providing information from the tenant to facilitate the D4L.
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