Tuesday, February 28, 2012

Related News: U.S. · Finance · Bloomberg: Real Estate FHFA Will Sell Foreclosed Homes to Investors for Rentals

The Federal Housing Finance Agency will begin inviting bids from investors to buy packages of foreclosed properties to be offered as rentals.
The agency today said it will send detailed information to investors who qualify to participate in the bulk-sales pilot program. About 2,500 foreclosure homes will be marketed in Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and parts of Florida, according to a statement posted by the agency on its website today.  Read article

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