Govt. to offer foreclosures to investors!

Govt. to offer foreclosures to investors!

I just read a news story from Jan 9th that the Obama administration is looking at a new program to start clearing out the backlog of foreclosures by offering them directly to investors.
According to the story, although details haven't yet been worked out, these may be let out in large blocks or could be individual sales.
What this means is that foreclosures might be coming at us hot and heavy starting later this year, so stay tuned!
Here is a link to read the story:
http://www.bankrate.com/financing/mortgages/government-to-unload-foreclo...

Merlyn & Jean Jarman
Southestern Indiana Properties
www.seindianaproperties.com

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Merlyn Jarman
www.seindianaproperties.com

"We cannot change yesterday. We can only make the most of Today and work with hope and inspiration towards a better Tommorrow."


Govt. to offer foreclosures to investors

HI MERLYN,

THAt's all I have in miami, very challenging to find a true FSBO... Can't wait, more REO


This was posted before

http://www.deangraziosi.com/real-estate-forums/market-trends-and-conditi...

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Interesting

Wow that is great if it is true.

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