This means you would sign your title over to your lender and you would become their tenant. The catch is Fair Market Value (FMV) for the rent. If it’s determined to be $850/month, and your mortgage is more than that, it won’t work. If the FMV is less than what you are now paying per [...]
If You Don’t Qualify to Modify Your FHA Mortgage Loan, Maybe You Can Do Fannie Mae’s New Deed For Lease Program
November 7th, 2009 · No Comments
Tags: Cleveland Real Estate · Ideas · housing trends