Comments on: Fannie Mae Blames its Lawyers for Post-Foreclosure Letters

By: Jennifer

Jennifer — Wed, 08 Sep 2010 21:06:02 +0000

I am sorry to read about your situation. It is gut wrenching. I just lost my home yesterday to forclosure in which the bank purchased it. If you dont mind me asking, was your home loan with Bank of America? I am scared to death to find out how long we have to move out. We have no rental property in our area that I would consider moving into as this time. Do they even attempt to negotiate with you after the foreclosure? I have not heard of the act you mention above and will research it. I wish you and your family the best and my heart goes out to you!

By: PeonInChief

PeonInChief — Thu, 18 Feb 2010 15:07:08 +0000

I don’t know that not employing lawyers from the beginning is such a good thing. The realtors hired by the lenders aren’t bound by any enforceable rules–I liken them to used car salesmen–and lie to tenants, threaten them, and generally behave badly. Fannie Mae and Freddie Mac follow other lenders in hiring these people to part tenants from their homes without following the law.

By: Real AZ

Real AZ — Sat, 13 Feb 2010 04:55:31 +0000

What is going on here? Fannie Mae cannot just blame their attorneys for missteps, they are supposed to be reviewing and approving anything sent out on their behalf.

By: Jeffrey Miller

Jeffrey Miller — Sat, 13 Feb 2010 04:44:08 +0000

I am currently facing the same issue with a Fannie Mae repossessed home, in which I have been renting for the past 3-years.

I recently found out that the home that my wife and I have been renting was sold at sheriff sale and that Fannie Mae is the new owner. After 1-month of trying to find out who to speak with, getting bounced around from Fannie Mae to their lawyers and then to the listing agent I this week come home to find my 6-month pregnant wife crying because the local Sheriff posted an eviction notice stating that we had to vacate in 10-days. And yes, it is 22 degrees outside with about 2ft of snow on the ground.

We were never given any notice from Fannie Mae, their lawyers or the agent, which was supposed to happen per the Protecting Tenants at Foreclosure Act. To my understanding the Act was to provide a 90-day notice. Also to my understanding Fannie Mae is supposed to provide us an option to lease on a month-to-month basis.

This is sad. We have paid our rent on time for the past 3-years, are currently in a month-to-month lease which meets the criteria of a “bona-fide tentant” and for the past 2-months my wife and I have not been able to enjoy our pregnancy as our home has been a continual worry. Stress we simply do not need. We have tried to do the right thing and contact Fannie Mae, their lawyers and their listing agent…only to still live with uncertainty. Everybody blames each other and are “EXTREMLY” rude. Do they understand we are the victums here?

If anybody can help, PLEASE do. This has been the most idiotic and most frustrating experience I have ever experienced.