I'm sure it's already underway...

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saralung
Everyone is talking about it. Obama wants the banks to sale their huge REO inventory in big bulk to institutional investors.
When is this going to start? How can I follow this process as it unfolds?

Thanks.

These "REO to Rent" transactions are reported to be in the hundreds of millions of dollars. An additional major, qualifying pre-requisite is that buyers will be contractually required to rehab and rent out the properties for a minimum time period BEFORE they can resell them. And I'm sure the required rental time will be in terms of years...not months.

To follow up on the program I would make inquiries with HUD, the federal agency that holds most of the federal government's REO inventory.

--------------------------Ward

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