Saturday, May 2, 2009
Don't Forget About the Renters
The NY Times has this article today about renters in foreclosure. When a rental property is sold in foreclosure, tenants are often evicted (subject to certain timelines and notice requirements that might be imposed by state law). This article describes Fannie Mae's policy of continuing to rent to paying tenants until the property is sold. This makes sense, because it provides a stream of revenue for the bank and it also keeps the property occupied. Why don't other banks do this when they aren't required to by state law?
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Hi,
ReplyDeleteWe have just added your latest post "Tranche Warfare: Don't Forget About the Renters" to our Directory of Foreclosure.
You can check the inclusion of the post here . We are delighted
to invite you to submit all your future posts to the directory and get a huge
base of visitors to your website.
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Foreclosu-re.info Team
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