How many properties does Fannie Mae own in your area. I just did a search for my area and since 1/1/09, Fannie has sold 129 properties in our SMALL county. They have 98 properties for sale in MLS right now. I would be very curious how many of these 227 properties had short sale offers placed on them only to have Fannie deny them or not extend a closing date. Our market is very small and Fannie Mae accounted for 3% of all sales since 1/1/09. There is something very wrong here.
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more good news.....Fannie or Freddie is going to be RENTING OUT homes they own......
I guess THAT is what will be happening with the homes they own currently!!!
I just found this out yesterday from a broker friend of mine (his group was awarded one of the property management contracts for this).
Will send out details once I speak directly with him.
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