Real estate blog entries tagged with fannie mae by Doug Crowe

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Home : Blogs : Doug Crowe : Ad-Free Blog from Doug Crowe : Tag "fannie mae"

fannie mae: New Investment Fund Targets Foreclosures - 07/11/08 11:03 PM

Vulture funds, as the name suggests, swoop in and buy bankrupt companies and then sell them with a profit in mind.
Now a similar investment fund here recently formed to target distressed or foreclosed properties - whose numbers continue to rise each month.
Northbrook-based Hilco Residential Partners LLC is a new residential real estate investment fund chartered to purchase residential homes, mortgages and unsold developer assets directly from lenders. The group debuted recently as a joint venture between Hilco Real Estate LLC and Real Estate Principal Solutions LLC. One partner will buy and the other will market the properties to sell.
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