ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011 list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

Lenders have always viewed real estate investors with a wary  eye. It seems all investors are grouped into flip-and-run speculators with  little skin in the game, no plan for maintenance and repair, and yet huge  expectations for short-term profits.

Lenders even raise interest rates on investment properties,  feeling their risk in the deal should be greater than an owner-occupied  property. Because the owner does not live there, it’s logical to assume the  property will receive less care and attention.

Now, the situation apparently has changed — at least for  investors who want to buy groups of foreclosed properties. In fact, they might  even be viewed as saviors.

Recently, the Federal Housing Finance Agency (FHFA), the  U.S. Treasury Department and the Department of Housing and Urban  Development (HUD) announced they would seek new options for selling  single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA).

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“While the enterprises (Fannie and Freddie) will  continue to market individual REO properties for sale, FHFA and the enterprises  seek input on possible pooling of REO properties in situations where such  pooling, combined with private management, may reduce enterprise credit losses  and help stabilize neighborhoods and home values,” said Edward J. DeMarco,  FHFA acting director.

“Partnerships involving enterprise properties may  reduce taxpayer losses and meet the enterprises’ responsibility to bring  stability and liquidity to housing markets. We seek input on these important  questions.”

For years, at least one investor group has encouraged Fannie  and Freddie to allocate funds for the rehabilitation of their foreclosed  properties, then set aside another pot of cash to help subsidize the financing.  That way, they could self-finance their newly refurbished inventory with low  down payments, reduced closing costs and quick turn-around times while removing  troubled assets.

That didn’t happen. Now, these government-sponsored entities  have less cash and a massive REO portfolio.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/22/2011
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