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Fannie Mae Offers Lease Along with Deed-In-Lieu
Fannie Mae will allow borrowers and tenants with properties transferred through a deed-in-lieu of foreclosure to remain in their homes for up to one year by executing a lease. The Deed-for-Lease program was announced this week and effective immediately. Marianne Sullivan, a senior vice president and single-family chief risk officer at the government-sponsored enterprise detailed the D4L...
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