Bulk Selling of Homes Moves Forward
This past August I wrote a column entitled A Huge Housing Bargain -- but Not for You. In it, I outlined the Request for Information made by the Federal Housing Finance Agency in reference to comments from investors and other interested parties about the possibility of bulk selling the homes acquired by Fannie Mae and Freddie Mac through the foreclosure process.
The comment period ended in September with more than 4,000 responses from investors. The FHFA has indicated that it will move forward with the process of bulk selling these homes to investors. The rules for participating will be made available as early as this month. The Department of Housing and Urban Development (HUD) will also participate with its holdings of homes, which were acquired through foreclosures of properties financed with loans through the Federal Housing Administration (FHA)....593 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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