Download Adobe PDF ReaderDeed for Lease
The deed for lease program is specifically offered by Fannie Mae. The program allows someone who has already lost their home due to foreclosure remain in their home as renters for a 12 month period.
Eligibility is determined by your loan’s servicer. To qualify the occupant of the property must have the ability to pay market rent, the market rent cannot exceed 31 percent of his or her monthly gross income, if it does they are not eligible for the lease.
Frequently Asked Questions (PDF)
Instructions for Borrowers (PDF)
PDF Documents provided by and referenced to FannieMae.com http://fanniemae.com