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Government Held Homes

Posted on: Thu, 02/02/2012 - 15:02
Government Held Homes

As of the end of the third quarter of 2011, Fannie Mae had 122,616 single-family REO properties on its books and Freddie Mac held 59,596.

Imagine these homes hitting the market all at once.

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Posted on: Thu, 02/02/2012 - 17:55 #1
WOW

That is unbelievable... How are you doing Bill... haven't seen you on in while.

Shirley

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Posted on: Thu, 02/02/2012 - 20:46 #2
Why on earth would they ever

Why on earth would they ever want to do that?


Posted on: Fri, 02/03/2012 - 02:10 #3
They can hold them as long

They can hold them as long as the Fed makes the rules. 2010 they said all these foreclosures were in the pipeline...nothing happened. 2011 they said there were all these foreclosures in ther pipeline...nothing happened. Do we see a trend?


Posted on: Fri, 02/03/2012 - 04:58 #4
Shirley,

I'm not on here as much as I would like to be but I have ramped up my business and it seems I am working 18 hours per day. Doing a ton of lease options.

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Always Looking to Acquire Houses | Always Looking to Amaze Investors


Posted on: Fri, 02/03/2012 - 04:59 #5
Erik,

Thanks for the kind comment. As mentioned above, I just am having a hard time doing everything that I would like to do.

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Always Looking to Acquire Houses | Always Looking to Amaze Investors