It will be interesting to see if the government can actually organize this, and if they do, what all entities will truly be involved.

There is a ton of shadow inventory out there, guys, if you have been watching the Sheriff's Sale lists where available for your counties.  Back in December they were being cancelled.  Now they aren't even being posted at the same volume.

Any REO agents, feel free to share some insight without naming banks!  There is a lot going on behind the scenes that we, nor the public are privvy too.

So much for transparency. I would say the transparency in the last year is clear as the darkest mud available in the world.

 

 

________________________________________________________________________________________________

Heather Fitzgerald

REALTY WORLD-Harbert Company, Inc.

317-371-2622

heather@harbertcompany.com

www.SmithFitzgeraldTeam.com

www.IndianapolisINShortSales.com

 

If you need assistance in Westfield IN, Carmel IN, Martinsville IN, Greenwood IN, Whiteland IN, Franklin IN and surrounding areas, considering buying or selling a home, or considering the option of a Short Sale, contact us today at 317-885-8858.  We have experience in Indianapolis Short Sales, Greenwood IN Short Sales, Avon IN Short Sales, etc.

About the Author: Heather Fitzgerald, who has over 17 years of experience in real estate, title insurance, and lending that can be put to work for you. Heather can be reached by phone at 317-371-2622.

Areas of Service: Greenwood IN Real Estate, Indianapolis IN Real Estate, Franklin IN Real Estate, Whiteland IN Real Estate, Mooresville IN Real Estate, Martinsville IN Real Estate, Avon IN Real Estate, Carmel IN Real Estate, Westfield IN Real Estate and surrounding areas. We are experienced Greenwood IN Real Estate Agents.

Copyright © 2013 By: Heather Fitzgerald- Indianapolis IN Short Sales. All Rights Reserved.

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Posted by Heather Fitzgerald | Indiana REALTOR Greenwood Indiana Real Estate on 09/07/2011 01:32 AM   Comments (7)   REOS in the ActiveRain Channel   reos  
Short URL: http://actvra.in/qzT
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Post is included in group: REO Brokers Network
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7 Comments on Government Foreclosures as Rentals?

SEP
07
2011
669,346 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

If the government take over the rentals of the homes it will turn into a big mess.
1:36am • #1
470,418 Points 50 Featured Posts Called Shot Master

Heather, it will be interesting to see this in action. I dare the goverrnment to get in the property management business. They probably think it's a piece of cake. I say, good luck with that!
1:39am • #2
604,174 Points

That's all we need is to have the Government get involved with rentals....I think they have more serious problems to cure...
2:07am • #3
821,182 Points 5 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Is there an actual model someone is doing of this that works?
2:46am • #4
1,030,262 Points 67 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

They CAN'T and IT won't work.  If they use the same program they used with the RTC assets * large commercial and residential properties * it will NOT work with scattered site rental homes.  They shoud BULK SELL to investors with a PROVEN track-record.
5:25am • #5
SEP
29
2011

Mortgageorb published an article of the RFI's that were submitted to the Federal Housing Finance Agency (FHFA) and how Real Estate disposition should be managed.

National Housing Conference and NeighborhoodWorks America's RFI stated "any plans for REO deals should build upon existing Neighborhood Stabilization Program (NSP) efforts" instead of selling to private buyers and wish to promote affordable housing, shared-equity and share-appreciation programs.

National Association of Women REO Brokerages (NAWRB) suggests an REO-to-rental strategy in "carefully selected sub-markets of Metropolitan Statistical Areas (MSAs)" and advocates for women-owned business utilization within federal agencies.

http://www.nawrb.com/docs/a/ORB.9.19.11.pdf

 
1:02pm • #6
OCT
26
2011
1,568,731 Points 279 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Hi Heather. Yes, this is an interesting idea and would be more interesting if it does happen...
8:49pm • #7


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