The American people should make up the biggest part of the homeowner pie. But they don’t. The US government is, and it’s looking for a way to unload some of their properties without making huge waves.
Government-run housing companies like Fannie Mae, Freddie Mac and the Federal Housing Administration hold around one-third, or 295,000, of the country’s 800,000 foreclosed properties, with inventory expected to continue growing.
The government is now turning to the public. The three agencies are asking people to send them suggestions to manage the inventory, especially ideas on how to turn the foreclosed properties into rentals.
Read the rest of the article at Rapid News Network
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