Good news if your loan is serviced/owned by Freddie Mac. It wouldn’t surprise me if other lenders/servicers follow suit…but we’ll have to wait and see, I guess.
This came out on March 5th.
Freddie Mac Officially Launches REO Rental Initiative for Tenants, Owner-Occupants After Foreclosure
McLean, VA – Freddie Mac (NYSE: FRE) announced the official launch of its new REO Rental Initiative giving qualified tenants and former owners the option to lease their recently foreclosed properties on a month-to-month basis. The REO Rental Initiative will be managed by HomeSteps®, Freddie Mac’s national real estate unit, and implemented through several national property management firms.
Click here to read the full release.
Tags: freddie mac, rental home
Leave a Reply
You must be logged in to post a comment.