Is Uncle Sam Your New Slum Landlord

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Fannie Mae (which is owned by Uncle Sam), will be implementing a plan for homeowners who turnover their deed to be able to rent their place back. Prospective renters must show that they can afford to pay the new market rental rate and must be able to document that the rental payment is no more than 31 percent of their gross income.

So I wonder who’s going to be their property manager? This could be an opportunity to grab some government pork.

Read more here http://www.dsnews.com/articles/fannie-mae-becomes-landlord-with-new-deed-for-lease-program-2009-11-05

-sunil

SMA REALTY

Sunil Sethi / Broker, President, REALTOR, MBA, CPA / SMA Realty
38350 Fremont Blvd. #202 / Fremont, CA 94536
Office 510 793 8600 / Mobile 510 388 2436

My Bio: http://sunilsethi.com/about_me.htm

Personal: http://www.sunilsethi.com

My blog: http://fremontrealestate.blogspot.com/

LinkedIn: http://www.linkedin.com/in/fremontrealtor

CA DRE#: 01173766

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