February 3, 2010
Effective February 1, 2010, a new policy goes into effect that will speed the resale of foreclosed properties to buyers in New Jersey and other states.
To help achieve the national goal of stabilizing home values and improving conditions in communities where foreclosure activity is high, Shaun Donovan, HUD Secretary, announced a temporary policy that will permit FHA [...]
Read the full article →
August 31, 2009
Breaking News!! Renters in Fannie Mae-owned foreclosed properties can stay in their homes. This is such good news for renters. For so long, renters have been ignored as the often complete innocent victim of the housing meltdown. Now, a renter who wants to stay in a home that has been foreclosed can sign a month-to-month lease [...]
Read the full article →