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Twin Cities Real Estate

Foreclosed Homes Might Be Turned Into Rental Homes

August 12, 2011 by · Leave a Comment 

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search NOW!!!


http://www.MinneapolisStPaulhomes.com

Soon, the government will be announcing their plans for upwards of 250K homes that are owned by Fannie Mae, Freddie Mac, and HUD. It is possible that they are going to be turning them into a pool of rentals and sell them later as the market improves. How this will be managed or created is anyone’s guess. Watch the FHFA- Federal Housing Finance Agency for more information. On the one hand, it will allow for revenue to be generated from an asset that is vacant. It also allows for inventory control which might mitigate price declines. We’ll have to wait and see.



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