Real estate blog entries tagged with tarp by Directors Realty

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Home : Blogs : C J Johnson, Broker Owner-REO Manager CRS, ABR, SFR, NCHS, CBRS : C J Johnson's Blog : Tag "tarp"

tarp: Is The Government Stealing Our Equity? - 09/17/11 09:21 AM

Recent reports put the shadow inventory of foreclosures at near 6 Million units. Of those the Governments Service Enterprises Fannie Mae, Freddie Mac, HUD, and alike own approximately 48% of those foreclosures.
What I have seen in the past 30 days is alarming. Those houses are flooding on to the market at between 20-30% below the last sold comparable in the same neighborhood. They are not trashed beat up fixers. On the contrary if they are in poor condition these agencies are hiring contractors to put in new appliances, carpet, paint, and do many other repairs to meet minimum FHA … (2 comments)

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C J Johnson, Broker Owner-REO Manager CRS, ABR, SFR, NCHS, CBRS

Tehachapi, CA

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