Comments on: Fannie Mae to End Tenant Evictions in Foreclosures

By: Rory

Rory — Wed, 18 Feb 2009 00:55:12 +0000

That is probably the right thing to do. It may be difficult to sell the property with tenants in it, but if legislation will allow lenders to charge rent, that may be a first step in the right direction. However, sounds, scary as in a year or two many will be renting from banks.

By: James Boyer @ Morristown NJ real estate

James Boyer @ Morristown NJ real estate — Sun, 04 Jan 2009 18:32:04 +0000

I am sure that New Jersey is working on legislation for this as well, as they think we need legislation for everything, including when and where to cross the street.Keep up the great work, love the blog.Jim**James Boyer´s last blog post..Chatham NJ Home Sales December 08

By: Jose Lopez

Jose Lopez — Tue, 23 Dec 2008 14:39:47 +0000

I think that it is the right thing to do to allow renters to stay for some time. Specially in a situation where they were not notified about the foreclosure. The banks should send letters not only to the homeowner, who may have a different address, but also letters to the occupants notifying them that the home is under foreclosure proceedings. This will alert the renter and let them start looking for another place before foreclosure.

Jose Lopez
Sarasota Florida Foreclosures

By: Gerard Hagan

Gerard Hagan — Tue, 23 Dec 2008 06:57:50 +0000

Nice to see these protections available for renters, after all it’s not their fault.

By: Matthew Coates

Matthew Coates — Mon, 22 Dec 2008 16:30:41 +0000

I heard about this at a Phoenix Real Estate Club meeting I attended last week. Although noble in cause, I believe that it will be more difficult for the bank to sell an occupied home, unless it is under the condition the tenant moves out at closing.**Matthew Coates´s last blog post..Market Snapshot

By: Ray@Atlanta Real Estate

Ray@Atlanta Real Estate — Sun, 21 Dec 2008 14:16:20 +0000

If the tenant has been paying rent and keeping the property up, it's only fair that they be allowed to stay.**Ray´s last blog post..Quickly Find Metro Atlanta Foreclosures and Short Sales

By: Mike Pannell ( Dallas Realtor)

Mike Pannell ( Dallas Realtor) — Sat, 20 Dec 2008 17:58:03 +0000

So would they continue to pay rent to Fannie? We have this happen all the time in the DFW area.

By: aaron@vet pet insurance

aaron@vet pet insurance — Sat, 20 Dec 2008 17:13:54 +0000

I'm with the other Aaron. Why can't the banks just take over the leases? Some money is better than no money although with prices falling in many areas, the rent maybe enough to cover the payment on the home. It seems like most banks would be big enough to work with a management company to do repairs, etc so it would be good for both parties.**aaron´s last blog post..Choosing the Right Pet Insurance Company

By: Dan Connolly - Atlanta Real Estate Guide

Dan Connolly - Atlanta Real Estate Guide — Thu, 18 Dec 2008 15:31:07 +0000

One benefit is there would be less homes stripped for their copper and fixtures. That is an epidemic around here.

By: Andrew Olson

Andrew Olson — Wed, 17 Dec 2008 22:16:34 +0000

I think that’s a great step forward. Tenants should have full rights to the lease the signed, right? If they leave early, they pay a fee, but it doesn’t quite work the other way. Tenants should definitely be entitled to stay in the home for the length of their lease, glad to hear about this!