Fannie Mae offers borrowers option to foreclosure

Written By: on November 6, 2009 No Comment

“You don’t necessarily have to believe that home prices a year from now will be higher than today. … They have been badly hurt by the housing bust and have required $111 billion in federal aid since being seized by government regulators 14 months ago….So by renting the same house, former homeowners could wind up paying far less every month.

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Fannie Mae offers borrowers option to foreclosure