REO Properties To Hit Open Market

Posted on August 11, 2011


The Obama Administration is seeking proposals for ideas on how to offload all the bank-owned properties held by the FHA, Fannie Mae and Freddie Mac.

We don’t know what great idea is going to come out of this, but the effect is pretty predictable: there will be a lot more homes on the market in about a year and a half. And if that is the case, real estate prices have not hit bottom yet.