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12/25/09
Program may help some stay in homes
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:27 pm

A federally backed program that would allow former homeowners to remain in their homes as tenants could help some struggling Valley families maintain a sense of continuity after losing their homes to foreclosure.

But the Deed-For-Lease program, announced earlier this month by mortgage holding company Fannie Mae, is most likely aimed at solving an existing problem for real-estate investors, some local housing professionals said.  more…



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