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Federal Pilot Program to Convert Foreclosed Homes Into Rentals

February 2, 2012 By ThreeArchInvestors Leave a Comment

Home Foreclosure sign

Federal Reserve Chairman Ben Bernanke recently cited a pilot Federal program as a way to address the current housing crisis. The program would sell foreclosed homes owned by Fannie Mae and Freddie Mac to investors in bulk transactions. The intention is that these properties would be converted into rentals by the private sector. Read more online at CNN Money.

Filed Under: Real Estate News

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