REO

FHFA: Investors pre-qualify for REO-to-rent program

Feb 9th, 2012 | By

WASHINGTON – Feb. 9, 2012 – The Federal Housing Finance Agency (FHFA) announced the first step of a Real-Estate Owned (REO) Initiative that allows investors to buy pools of bank-owned (REO) properties in the nation’s hardest-hit metropolitan areas. FHFA first announced the program in August 2011.
Effective Feb. 1, investors may pre-qualify to bid on transactions [...]