Fannie Mae gives renters a break

[The OC Scam]

As a former renter or victim of the foreclosure house of cards. Some call us dirty names like squatter whatever that means? Any how it’s about time tenants even if they pay rent or not get the voice they deserve. The Federal Renter Association is in full swing!

Fannie (FNM, Fortune 500) will sign new leases for the approximately 4,000 renters in its foreclosed properties, said spokesman Brian Faith. These tenants would otherwise face eviction, even if they had been paying their rent on time, because of the owners’ failure to pay the mortgage on the property.

http://money.cnn.com/2008/12/15/news/economy/fannie_housing/index.htm

[barnaby33]

Federal Renter Association? It sounds like a pyramid scheme name to me, akin to the Federal Chamber of Commerce.

While it the short term this may be compassionate, I’m betting phony and fraudie aren’t doing this out of largess. Maybe they don’t have the manpower to process evictions, or maybe some bright spark finally decided some cash flow was a good idea.

Either way, nobody is doing this to help out the renter.

Josh

[barnaby33]

Federal Renter Association? It sounds like a pyramid scheme name to me, akin to the Federal Chamber of Commerce.

While it the short term this may be compassionate, I’m betting phony and fraudie aren’t doing this out of largess. Maybe they don’t have the manpower to process evictions, or maybe some bright spark finally decided some cash flow was a good idea.

Either way, nobody is doing this to help out the renter.

Josh

[barnaby33]

Federal Renter Association? It sounds like a pyramid scheme name to me, akin to the Federal Chamber of Commerce.

While it the short term this may be compassionate, I’m betting phony and fraudie aren’t doing this out of largess. Maybe they don’t have the manpower to process evictions, or maybe some bright spark finally decided some cash flow was a good idea.

Either way, nobody is doing this to help out the renter.

Josh

[barnaby33]

Federal Renter Association? It sounds like a pyramid scheme name to me, akin to the Federal Chamber of Commerce.

While it the short term this may be compassionate, I’m betting phony and fraudie aren’t doing this out of largess. Maybe they don’t have the manpower to process evictions, or maybe some bright spark finally decided some cash flow was a good idea.

Either way, nobody is doing this to help out the renter.

Josh

[barnaby33]

Federal Renter Association? It sounds like a pyramid scheme name to me, akin to the Federal Chamber of Commerce.

While it the short term this may be compassionate, I’m betting phony and fraudie aren’t doing this out of largess. Maybe they don’t have the manpower to process evictions, or maybe some bright spark finally decided some cash flow was a good idea.

Either way, nobody is doing this to help out the renter.

Josh

[ibjames]

I think it’s great, people default, get them out of the house asap by offering to help them get a rental. Less damage to house and maybe quicken the process?

[ibjames]

I think it’s great, people default, get them out of the house asap by offering to help them get a rental. Less damage to house and maybe quicken the process?

[ibjames]

I think it’s great, people default, get them out of the house asap by offering to help them get a rental. Less damage to house and maybe quicken the process?

[ibjames]

I think it’s great, people default, get them out of the house asap by offering to help them get a rental. Less damage to house and maybe quicken the process?

[ibjames]

I think it’s great, people default, get them out of the house asap by offering to help them get a rental. Less damage to house and maybe quicken the process?

[j]

These are not “home owners” that did not pay their mortgage. They are rents that had crappy landlords who did not pay. I think Congress should pass a law to protect these renters.

If I were to buy a house that had a renter with a lease that still has 8 months left, I have to honor that lease. A bank that forecloses on a property does not. That bank lent the money to the crappy landlord or bought that crappy loan. They should not get to void leases.

[j]

These are not “home owners” that did not pay their mortgage. They are rents that had crappy landlords who did not pay. I think Congress should pass a law to protect these renters.

If I were to buy a house that had a renter with a lease that still has 8 months left, I have to honor that lease. A bank that forecloses on a property does not. That bank lent the money to the crappy landlord or bought that crappy loan. They should not get to void leases.

[j]

These are not “home owners” that did not pay their mortgage. They are rents that had crappy landlords who did not pay. I think Congress should pass a law to protect these renters.

If I were to buy a house that had a renter with a lease that still has 8 months left, I have to honor that lease. A bank that forecloses on a property does not. That bank lent the money to the crappy landlord or bought that crappy loan. They should not get to void leases.

[j]

These are not “home owners” that did not pay their mortgage. They are rents that had crappy landlords who did not pay. I think Congress should pass a law to protect these renters.

If I were to buy a house that had a renter with a lease that still has 8 months left, I have to honor that lease. A bank that forecloses on a property does not. That bank lent the money to the crappy landlord or bought that crappy loan. They should not get to void leases.

[Author]

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