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"D4L"
Two weeks ago, Fannie Mae announced a Deed for Lease Program, otherwise known as DL4 for homeowners who are facing foreclosure and do not qualify for a traditional loan modification or Obama’s Making Homes Affordable Plan, which was enacted in February 2009. DL4 is somewhat antithetical to what we know to be true about banks. [...]
Continue Reading →I don’t qualify for loan modification, now what? On November 5, Fannie Mae announced its new Deed-for-Lease Program (D4L) that allows eligible borrowers facing foreclosure (or their tenants) to stay in their primary residences.
Under D4L, the borrower transfers ownership of the property to the lender through a deed-in-lieu of foreclosure and the borrower (or [...]
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- Weichert, Realtors
- Audeliz Angie Perez
- 123 Lincoln Highway
- Edison, NJ 08820
- Office: 732-494-6800
- Fax: 732-603-9626
- Cell: 973-715-6210
