new pilot announced by fhfa for reo property sales in hardesthit areas: New Pilot Announced by FHFA for REO Property Sales in Hardest-Hit Areas
- 02/28/12 05:46 AM
New Pilot Announced by FHFA for REO Property Sales in Hardest-Hit Areas The first pilot under Real Estate-Owned (REO) Initiative was announced Monday by the Federal Housing Finance Agency (FHFA) that will allow more REO properties to be sold in the hardest-hit areas in the United States. These areas include: Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and part of Florida. This initiative is designed to help lower taxpayer losses, stabilize neighborhoods and home values while also shifting to more private management of properties and reducing the supply of REO in the home market. In addition, the FHFA hopes this will … (0 comments)
New Pilot Announced by FHFA for REO Property Sales in Hardest-Hit Areas The first pilot under Real Estate-Owned (REO) Initiative was announced Monday by the Federal Housing Finance Agency (FHFA) that will allow more REO properties to be sold in the hardest-hit areas in the United States. These areas include: Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and part of Florida.
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