The Federal National Mortgage Association, more commonly known as Fannie Mae, recently announced a new program designed to keep mortgage-challenged borrowers in their homes. The Deed for Lease (D4L) program allows qualified borrowers to relinquish the deed to their property and rent their home at the market rate for 12 months.

Our team at Property Management Software Advice has broken down the program to show you what to expect for borrowers, tenants and property managers.

These questions are answered:

• How Deed for Lease Works
• Who is eligible?
• What about the property?
• Own to rent: Do the numbers make sense?
• Your turn: How will this affect borrowers, tenants and property managers?

Continue Reading >>> CLICK HERE

===

About Software Advice – Researching and selecting software isn’t easy. That’s where we come in. At Software Advice, we connect you with the software products best suited to your needs. It’s fast. It’s free. And it’s easy.  Visit our site.

Chris Thorman
Chris at SoftwareAdvice.com
(512) 364-0118