The Federal Housing Finance Agency (FHFA) has announced their new REO Incentive program for investors interested in purchasing pools of foreclosure properties.  The incentive requires investors to be pre-qualified to be eligible for bidding in sales transactions, and the purchased properties would have to be rented for a specified number of years.  This new bulk REO rental program would require that investors be both financially stable and experienced enough to manage the purchased property.  The purpose of this new program is to stimulate real estate sales in metropolitan areas that were announced to have been hit the hardest in August 2011. Continue reading “Fort Lauderdale Real Estate | FHFA Announces Bulk Foreclosure Incentive” »