Wednesday, February 16, 2011
Fannie Mae Getting Serious About Selling Foreclosures in US
Across the United States, Fannie Mae has taken back a load (think thousands upon thousands) of foreclosed homes over the past couple of years. What is troubling is that large portions of their foreclosure inventory is not listed for re-sale on public markets in most major U.S. metro markets. However, this recent study found in Pittsburgh Pennsylvania, Fannie Mae is pushing out its inventory with aggressive, low prices. Time will tell if this trend can appear in more markets.