All Forum Posts by: Account Closed
Account Closed has started 0 posts and replied 1 times.
Banks don't like holding REOs because they are still making payments to whoever they borrowed the money from. Plus, management, taxes, damages, etc.
With regards to the Fannie/Freddie rental policy, they will be marketing the properties for sale while they are occupied. It is not their goal to allow the tenants to live their indefinitely.
NTB