The FHA Selling Off Foreclosed Homes

Here’s a look at the government’s plan to sell off the foreclosed homes that were owned by Fannie Mae.

“The Federal Housing Finance Agency sold 700 Florida foreclosures owned by Fannie Mae to a San Diego-based  company that paid $12.3 million for an interest share. The sale, which closed Thursday, is the first in the government’s nationwide plan to sell foreclosed homes to private investors who must rent a certain percentage out before selling.”

Here’s the link to the full article:

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