Real estate blog entries tagged with fannie mae by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty)

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fannie mae: Beware of the New Foreclosure Flippers - 10/08/14 09:54 PM

Increasing property values in Coweta County Georgia over the last few years have led to a new kind of property flipper and consumers need to be wary.
These marginal foreclosures are getting a fresh coat of paint, some new flooring, and a few new shrubs planted here and there and are being offered as renovated properties.
The sellers are the former lien holders of the property. Fannie Mae, in particular, now sees its portfolio of repossessed property as cash cows instead of white elephants.
Owners have a right to dispose of their property for any price they wish. There is no … (15 comments)

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