Freddie Mac plan helps occupants of foreclosed properties

Mortgage giant Freddie Mac is launching a national initiative that gives tenants and former owners of foreclosed properties the option to stay in their homes on a month-to-month lease, the company reported Thursday.

HomeSteps, McLean, Va.-based Freddie Mac’s national real estate unit, will manage the "real estate owned" rental initiative, which will be implemented through several national property management firms.

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- Posted: 2009-03-06 08:40:43

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