Blogs » Real Estate Investor » Minnesota » Cottage Grove » Access Private Funding » Secretary Paulson announces that banks will be on their own

Secretary Paulson announces that banks will be on their own

Posted: Tuesday, November 25 at 03:09PM
<font size="3">Washington DC Treasury Secretary Paulson announces that banks will be on their own in disposing of REO's and short sales. The Government will not use TARP money to buy<font color="#ff0000"> </font><font color="#ff0000">bad mortgage</font> loans made by banks. It is estimated at over 1.6 million foreclosures will occur this year and 1.9 million is projected for 2009. This is great news for small <font color="#ff0000">private investors</font> wanting to take advantage of flipping short sale and REO's.</font><font size="3"> </font><font size="3"> </font>

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Craig C.

Diverse Capital, Inc

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  1. Josh_head_profile_preview_profile_preview_colleague_thumb
    Joshua Dorkin
    12 months ago

    Craig - can you point us to where Paulson expresses this announcement? Thanks.


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