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FHFA Solicits Investors for REO-to-Rental Sales

From: Barbara J.
Sent on: Friday, February 3, 2012 9:49 AM


Greetings all, for those of you that have not gotten this inforamtion I thought I would pass it along The Federal Housing Finance Agency (FHFA) on Wednesday issued a notice to investors interested in buying government-owned REOs in bulk for use as rental properties, encouraging them to register with Fannie Mae in order to pre-qualify as an eligible bidder.

FHFA says the first pilot transaction will be announced in the "near-term." During the pilot phase, Fannie Mae will sell off pools of various types of assets, including rental properties, vacant properties, and nonperforming loans, with a focus on the hardest-hit areas.

These pilot sales represent the initial stage of the government's Real-Estate Owned (REO) Initiative announced in August 2011, when FHFA issued a Request for Information (RFI) seeking input on options for selling single-family REO properties held by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA). The agency received more than 4,000 responses from industry stakeholders

Full article in link below


By the way if any of you have homes that need to be rented or listed for sale let me know ASAP


Barbara Quintana

Geneva Real Estate & Investments


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