Unfortunately though for families that want to live in the home, will not be looking to purchase these homes.  Investors may like this idea, but the investor/landlord will have to deal with the tenant that Fannie Mae decided to keep in the property.

In many cases for these situations…

• The family that is looking at the property to purchase, will pass on the property because they cannot immediately live in the house.
• Quality landlords may pass on the property since they have no prior relationship with the tenants and there may be a high risk to taking it over.
• The property sells for less, or doesn’t sell at all, and then continues to depress the property values.