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By JOSEPH RUNFOLA JR, BROKER, GRI | Broker in Staten Island, NY

Foreclosure Alternative

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.
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