Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the borrower still qualify for any relocation assistance (Cash for Keys) if he or she agrees to the D4L?

April 26, 2017agrees borrower cash d4l keys qualify relocation

0

Posted

Does the borrower still qualify for any relocation assistance (Cash for Keys) if he or she agrees to the D4L?

1 Answer

0

Posted

No. Cash for Keys is intended to cover relocation assistance, and a D4L borrower is not relocating. From: https://www.efanniemae.com/sf/servicing/d4l/pdf/d4lfaqs.pdf Fannie Mae’s rental policy allows renters in Fannie Mae-owned, single-family foreclosed properties the opportunity to stay in their homes by signing a new month-to-month lease with Fannie Mae.