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Forums » General Foreclosure & Pre-Foreclosure Forums » Fannie Mae Landlording!?! Effect on Investors

Fannie Mae Landlording!?! Effect on Investors Subscribe to Fannie Mae Landlording!?! Effect on Investors

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Jason Wheeler

Private Money Lender · Pleasant Hill, California


Forum_avatar_avatar-investor_champ

Icon_minipost Nov 10 '09, 08:03 AM

Fannie Mae will be letting default borrowers rent their home on a 1 year lease back instead of foreclosing. I just posted a cool video on this at my blog below.

How do you see this having an impact on investors? Also should a government run entity that just asked for 15 billion in bail out money AGAIN be responsible to be the biggest landlord in the nation?

Do you feel like this would be a win win situation for the stressed borrower or should the bank sell these homes to buyers that want them? Or just another government takeover?

Edited: 06/26/2010 at 10:28AM by Jason Wheeler


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