Fannie Mae Renting Foreclosures

January 13, 2010

Post image for Fannie Mae Renting Foreclosures

Renters in foreclosed property held by Fannie Mae can stay.

Fannie May just announced today that qualified renters in foreclosed real estate held by Fannie Mae would have the option of a month-to month lease. During the same time the real estate would be marketed for sale thru a local real estate agent. No deposit would be required and rental amount would be based on market going rate.

I understand Fannie Mae’s reasoning but in the long run this new policy will cause foreclosures to remain on the market even longer. Real Estate Agents will not be able to show the property unless the tenant grants access. Selling real estate in today’s market is hard enough and this is just another hurdle to jump.

For more information on this foreclosure home for sale or other bank owned, foreclosures, REPO’s, and REO property in Panama City Beach , Panama City, Destin, Fort Walton Beach, Bay County, Walton County and the surrounding area call Miller & Associates Realty LLC. 850-249-6655.

Share and Enjoy:

Related posts:

Misleading real estate articles – Panama City, FL Misleading real estate articles Over the past 90 days or...
Panama City Beach Condo Foreclosures Here’s a list of 16 Panama City Beach condo foreclosures. ...
Panama City Beach Foreclosures Panama City Beach Homes in Foreclosure This Panama City Beach...
Foreclosure Deals Hard to Find Desperate sellers, huge discounts, substantial inventories and the promise...
How Countrywide sells REO Property It’s been my experience that Countrywide negotiates very little if...

Related posts brought to you by Yet Another Related Posts Plugin.

Tagged as: Foreclosure, real estate

Leave a Comment

Previous post: Panama City Foreclosure

Next post: Edgewater Beach Resort Foreclosure

Miller & Associates
- Panama City Beach Foreclosure Watch March 4, 2010
  Here is your latest numbers on Lis Pendens in each of the Panama City Beach condos. Condo Count of Subdivision/Location AQUA CONDO 4 AQUA VISTA CONDOMINIUM 2 BAHAMA BEACH VILLAS CONDO 3 BAY POINT GOLF VILLAS CONDO 3 BAY POINT HARBOUR VILLAS CONDO 2 BAY POINT RESIDENCES CONDO 1 BAY POINT STUDIO VILLAS 2 & 3 6 BAYOU POINTE VILLAS CON […]
  Chad Miller
- Panama City Beach Named Top 5 Bargain Destinations By USA Today February 19, 2010
  It wasn’t to long ago that our area was named one of the Top 10 Destinations of 2010. It was very nice to know we’re a sought after area, but it’s this weeks news that makes a statement in today’s economy. In a recent article from USA Today, five destinations around the world were chosen as [...] […]
  admin
- The Truth About Recent Real Estate Sales Numbers February 15, 2010
  Over the past 90 days or so I have seen numerous news sources report that real estate sales are up. In fact, I saw one today reported by the Florida Association of Realtors. The article reported “Feb. 11, 2010 – Sales of existing single-family homes in Florida rose 44 percent in fourth quarter 2009 compared to [...] […]
  Chad Miller
- Southwest Airlines’ Service Starts May 23rd, 2010 February 15, 2010
  Southwest Airlines will begin non-stop service from the brand new Panama City Beach airport on May 23, 2010. The flights will take you straight to Houston, Nashville, Orlando, and Baltimore. You will be able to connect through these four cities to over sixty more cities in the United States. These flights will offer the residents of [...] […]
  Jeff Shouppe
- Open House This Weekend: Nautilus Cove Foreclosure February 12, 2010
  With the price reduction in full swing, we thought it was time to have a little open house to let all of you come take a look at this fantastic deal. We’re talking about Nautilus Cove #606. This 3 bedroom, 2 bathroom condo sits on the north side of Highway 98 right down the street [...] […]
  Tina Bass
- Price Reduction: Nautilus Cove Foreclosure! February 9, 2010
  We just had a 5% price decrease (now $89,100!!!) on our Nautilus Cove foreclosure. This is a beautiful 3 bedroom, 2 bathroom, 1200 square foot condo in the west-end of Panama City Beach! For more information and pictures on this great unit, click here! […]
  Chad Miller
- Look At The Stain On Our Lobby Carpet February 8, 2010
  \ Just kidding! That’s Sasha, the “other” office mascot besides Lucy. As you can tell, we’re huge dog lovers! […]
  Troy Steuwer
- Testimonial From The Griffiths February 5, 2010
  Sharon Williams, one of our Buyer specialists, received a wonderful little letter from some customers who recently bought a home from her in Wild Heron. Have a look! Dear Sharon, Trevor and I want to thank you once again for helping us find our Florida “dream house.” One word best describes you.. “professional.” You were very accommodating to [...] […]
  Troy Steuwer
- Watch: The Most Beautiful Sunset In Panama City Beach February 3, 2010
  Need to be reminded why you’re buying Panama City real estate? Have a look at this nice little video Chad Miller made while at the beach the other day. It really encompasses everything Panama City Beach is about. Relaxing, the beach, and a little fun along the way. By the way, check out the cute [...] […]
  admin
- Treasury Looking To Assist Short Sale Process February 3, 2010
  While we’re not entirely sure if this is true (we’re still researching), some lovely news has popped up on AJCHomeFinder.com that states that the Treasure is trying to assist the short sale process. We at Miller & Associates Realty know to well how short sales work. You take your buyer to look at a home, they [...] […]
  Joanie Miller