Federal bulk REO sales opening to smaller bidders 
NAR president expresses worries over 'outside intervention' in home sales
By Ken Harney, Tuesday, February 14, 2012.
Bank-owned sign via Shutterstock.com.If you or your clients want to be bidders on the federal government's upcoming bulk sales of "real estate owned" properties from Fannie, Freddie and the FHA, you've still got time.
Officials told me late last week that the first transactions are two to three weeks away and the property pools offered through 2012 may be smaller and more manageable for groups of well-advised and qualified local investors than previously assumed.
more...
Copyright 2012 Inman News
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.

