Government Foreclosures as Rentals?

By
Real Estate Sales Representative with REALTY WORLD-Harbert Company, Inc.
https://activerain.com/droplet/qzT

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.

 

 

Posted by

________________________________________________________________________________________________

Heather Fitzgerald

REALTY WORLD-Harbert Company, Inc.

317-371-2622

indplsrealestate@gmail.com

www.FindingYourIndyHome.com

 

 

If you need assistance in Indianapolis 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 Greenwood Real Estate, Indianapolis Real Estate, Greenwood IN Short Sales, Greenwood IN Real Estate for Sale,  Franklin IN Real Esate, etc.

About the Author: Heather Fitzgerald, who has over 24 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 © 2018 By: Heather Fitzgerald- Greenwood Real Estate For Sale. All Rights Reserved.

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Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

If the government take over the rentals of the homes it will turn into a big mess.

Sep 06, 2011 06:36 PM #1
Rainmaker
908,388
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

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!

Sep 06, 2011 06:39 PM #2
Rainmaker
2,031,010
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

That's all we need is to have the Government get involved with rentals....I think they have more serious problems to cure...

Sep 06, 2011 07:07 PM #3
Ambassador
2,213,073
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Is there an actual model someone is doing of this that works?

Sep 06, 2011 07:46 PM #4
Rainmaker
1,256,096
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

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.

Sep 06, 2011 10:25 PM #5
Rainer
20,851
NAWRB SHE is Changing Real Estate
NAWRB - Irvine, CA

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

 

Sep 29, 2011 06:02 AM #6
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Heather. Yes, this is an interesting idea and would be more interesting if it does happen...

Oct 26, 2011 01:49 PM #7
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Heather Fitzgerald

REALTOR Greenwood Indiana Real Estate
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