|
|
Article: Freddie Mac Officially Launches REO Rental Initiative for Tenants, Owner-Occupants After Foreclosure.
- Article from:
- Biotech Week
- Article date:
- March 18, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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(R), Freddie Mac's national real estate unit, and implemented through several national property management firms (see also Freddie Mac).
Freddie Mac also announced it will continue to suspend all eviction actions until April 1 2009 to ensure there is ample time for current occupants to learn about the options available to them under the new initiative.
"Freddie Mac's REO Rental Initiative can ...