The goals of this pilot, the REO to Rental Initiative, were to determine if a bulk sale model concept would generate private investment in single-family rental housing efficiently and effectively to stabilize local markets.įHFA’s objectives were to understand the market for these assets across three dimensions: In late February 2012, FHFA announced the REO-to-Rental Pilot Initiative Targeted to Hardest-Hit Areas), a highly targeted pilot program with Fannie Mae, to test an asset disposition model that could complement the existing disposition strategies for REO by Fannie Mae and Freddie Mac. Pre-qualification ensures investors will have the financial capacity and operational expertise to manage properties in a way that is conducive to the stabilization of communities hard hit by the housing downturn. This rental period could provide relief for local housing markets that continue to be depressed by the volume of foreclosed properties, and provide additional rental options to certain markets.
The REO Initiative allows qualified investors to purchase pools of foreclosed properties with the requirement to rent the purchased properties for a specified number of years. The Fannie Mae’s and Freddie Mac's REO portfolios are now stable and their individual retail sales are achieving close to fair market values for the properties. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.FHFA is exploring new approaches to the disposition of foreclosed properties (real estate owned, or REO) owned by Fannie Mae and Freddie Mac.
#Fannie may houses for sale code#
The total number of renter households within the zip code of is 4,241, which means that 79.83% of households in this zipcode are owner occupant households.ĭisclaimer: Listing broker has attempted to offer accurate data, but buyers/lessees are advised to confirm all information IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
The total number of households in the zip code of Douglasville is 21,025, with an average household size for of 2.93 people. The population of Douglasville, according to the 2010 Census, is 30,961. Recent comparable homes have been selling for 100.00% of their asking price. The average list price per square foot of the available inventory in Fannie Mae is $0, which is below the Douglasville average of $148. There are currently 0 Homes for Sale within Fannie Mae, with asking prices ranging from $0 to $0.
Fannie Mae is a subdivision within the city of Douglasville, Georgia.
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