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08-11-2011, 10:56 PM #1
U.S. moves to sell, rent 92,000 foreclosures
U.S. moves to sell, rent 92,000 foreclosures
Administration looks for buyers for U.S.-owned foreclosed homes
By Ronald D. Orol, MarketWatch
Once a home is vacant for years, according to Sommer, it may be better for Fannie and Freddie to demolish the home, limiting costs of upkeep and eliminating the need for renovations, and then try to sell the vacant property to investors.
“Exploring new options for selling these foreclosed properties will help expand access to affordable rental housing, promote private investment in local housing markets and support neighborhood and home-price stability,â€Join our FIGHT AGAINST illegal immigration & to secure US borders by joining our E-mail Alerts at http://eepurl.com/cktGTn
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