22 Jan

Private Equity Readying a Run on Foreclosures, Shouldn’t you too ?

Posted by: jkdanu / Category: Buy A Home In USA

As millions of distressed properties will likely come to market over the next few years… Fannie Mae and Freddie Mac is working with the Obama administration on a plan to sell not just the quarter of a million foreclosed properties already owned by the GSE’s, but hundreds of thousands more in the pipeline heading to foreclosure… private equity firm Waypoint is likely positioning itself to be a player in a government bulk REO program… Connecticut-based Carrington Mortgage Services, are working on deals with major banks to buy foreclosures in bulk. Carrington says it is planning to invest nearly $1 billion in foreclosed single-family homes and turn them into rental housing……read more.

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