Editor's note: The following item is republished with permission of AOL Real Estate. See the original article: "Foreclosure Fire Sale: Will Bulk 'REO to Rental' Program Fly?"By Stefanos ChenWith an estimated 3.6 million more foreclosures expected over the next two years, the government-backed mortgage giants have a proposition for you: How'd you like to take a couple (hundred) homes off their hands? In a recently announced program, the Federal Housing Finance Agency, which regulates the quasi-government lenders Fannie Mae and Freddie Mac, is offering qualified investors the opportunity to buy pools of foreclosed homes, provided they agree to rent the properties for a certain number of years. In its pilot run, the foreclosure-to-rental initiative aims to shift...
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