Mortgage Release (Deed-in-Lieu of Foreclosure)
Fannie Mae's Deed-for-Lease Program allows qualified homeowners (or their tenants) to lease the home for up to 12 months at market-rate rent. The program requires the owner (in this case, your landlord) to execute a deed-in-lieu of foreclosure.
"The owner can't afford our home,
and we don't want to move."
For complete details on the program, click here.