Investors Jump in to Turn Foreclosures into Rentals
The government and private equity firms are gearing up to start marketing foreclosed homes as rentals in an effort to help lessen the downward impact foreclosures have on the price of nearby homes.
The Federal Housing Finance Agency plans to offer some of its 180,000 foreclosed homes through Fannie Mae and Freddie Mac to private operators who will turn them into rental properties, Bloomberg News reports.
Read more at Investors Jump in to Turn Foreclosures into Rentals.
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Source: http://lewcorcoran.com/2012/02/02/investors-jump-in-to-turn-foreclosures-into-rentals/
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