Are you relocating? Cannot sell your home so you decide to rent it out. ONLY trouble is that unless you have tax returns that show the property has been addressed, that payment still hits your budget. I know it is crazy but most lenders want to validate that property. Forced to live less, when you make more. WHATEVER, many folks simply push the payment on their renter, they are not trying to make a living as an investor. Times are tough and there has to be some guideline exceptions to help folks out. C'Mon Fannie and Freddy.

I believe the call to action is important and yes it keeps the lender whole by not allowing the new buyer to bale on the asset after they relocated. C'mon lenders who need these transactions, lift this rule to exception based. Follow the FHA guideline which says if the asset has 25% to 30% equity then the property can be omitted from the budget. No one wants to have such a devistational hit as a foreclosure especially if you have to move to find a job, or for what ever reason. This is america live the dream do not just dream the dream. C'mon Barnake make some adjustments we need the force.