This is in honor of Fannie Mae announcing that they are going to enter the rental property business in a Big Way. What else would you expect from Big Government? Fannie Mae is going to rent foreclosed homes back to the borrowers.
If you’re having trouble making your mortgage payment and your home loan is secured by Fannie Mae stop making your payments today. You can go into foreclosure which will take months to process so you won’t have to make payments during that time. Then, the government will rent your back your home at market prices for 12 months. The market price will be less than your current mortgage payment in almost ever case. Plus if Fannie Mae acts like a real Landlord they will be responsible for Taxes, Insurance, and Maintenance.
Fannie Mae is betting that housing prices are going to recover and be higher than they are today even though there continues to be a glut on the market. Worst of all they are making that bet with your money. So while Fannie Mae makes dumb decisions with Taxpayer money we might as well enjoy The Best Landlord video ever.
You can SHARE THIS VIDEO with a friend using these buttons