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Should I contact the third party specified by Fannie Mae soon

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timellis0302 Joined: 15 Feb 2011 Posts: 1 1.28 Dollars($)	Posted: Tue Feb 15, 2011 11:58 am    Post subject: Should I contact the third party specified by Fannie Mae soo Like 0 Dislike 0 my house was foreclosed and went back to lender, I received a notice on my door from fannie mae to contact a third party to make arrangements to either rent or turn over the property with compensation within 10 days
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Wed Feb 16, 2011 12:57 am    Post subject: Like 0 Dislike 0 Hi timellis, It will be completely your discretion whether or not you will contact a third party to make arrangements to either rent or turn over the property with compensation. Thanks
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Wed Feb 16, 2011 8:17 am    Post subject: Call Like 0 Dislike 0 Fannie Mae recently started a program where sometimes the person who owns the foreclosed property and stilll lives in it, can continue to live there and pay rent to do so. In some cases, people can not come up with the many thousands of $ needed to bring the mortgage current, but, they may now have the ability to pay rent and continue to live in the property. That may or may not be what the letter is addressing. Call and find out. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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