Last week, Fannie Mae, the Federal National Mortgage Association, announced two bulk sales of foreclosed homes to large investment firms that intend to rent them for at least three years. The sales included ninety-four foreclosed properties in Chicago and almost seven hundred in Florida. Fannie Mae is forecasting sales of nearly two thousand units from its 109,000-strong inventory of foreclosed houses. Most of the units they expect to sell are single-familyhomes.

Please share this:
Translate »