Fannie Mae to Rent Foreclosed Homes to Their Owners
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I’ve seen many people having to pack up and leave their homes and their memories behind due to the rising mortgage payments on homes that have dramatically fallen in market value. I too have felt the crunch of what is happening in our economy, and fortunately, so far, I have been able to maintain and stay in the home that me and my significant other purchased 5 years ago in the height of the Lodi real estate market.
The Lodi and Stockton area real estate markets have been hit hard in the recent years, and I have seen a lot of nice homes and neighborhoods become empty and turn into what appear to be ghost towns.
My heart goes out to the people that have had to suffer from lost jobs/wages, unexpected medical bills, etc., that has not allowed them to stay in their homes.
Well, I have found news that may shed some light on these issues for some in an article by Amy Hoak on www.RISmedia.com and I believe it may give hope to some of those that would like to find a way to stay in their current home even if they do still find themselves having to experience foreclosure.
CLICK HERE to read this article about how Fannie Mae could be renting foreclosed homes back to their owners so that they can at least maintain their current job locations, children’s schools, friendly neighbors, etc.
Make it a better day!
