Fannie Mae not complying with Tenant Protections?

As a REALTOR it is important to understand the protections available for renters for whom you have helped locate a home but are facing being “kicked out” due to a foreclosure as the landlord not paying his mortgage.
Hats off to Robert Dogget for uncovering Fannie’s moves…
The Neighborhood Stabilization Program (NSP) was established to stabilize communities that have suffered [...]

Citi will give you 6 months for free!!!!

Yeah!!!    Citi announced that it will let borrowers stay in their homes for up to six months plus snag $1,000 to help defray costs for relocation, if they agree to a deed-in-lieu of foreclosure.  (i.e., so you will stop suing them, trying to get a loan mod, short sale or file bankruptcy not to mention [...]

Too politically powerful to fail

OPM…Other People’s Money, right?   Isn’t that how to get rich, using other people’s money (according to many investment gurus).
Looks like our Uncle figured it out.
- The Bank Slayer
It’s a slow day in a little East Texas town..
The sun is beating down, and the streets are deserted. Times are tough, everybody is in debt, and [...]

Holiday foreclosure moratorium is a worthless!

While Bank of America, JPMorgan Chase & Citi are suspending foreclosures for the holidays, just like Fannie Mae and Freddie Mac, this is a nothing more than a sick joke on those in Texas.
Why? Quite simply it doesn’t help you one bit.
I will make a fearless promise…ready…no one in the State of Texas will be foreclosed upon from [...]

Deed for Lease. Let’s trade.

Can’t pay the mortgage?  You still might be able to stay in your home.  Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year.
Fannie Mae executives said the rental program is designed to help delinquent homeowners who don’t qualify for a [...]