Bret, Home Buyer in Sam Hughes, Tucson, AZ

If FHFA's REO-to-Rental initiative gets rolling how will it impact the rental market?

Asked by Bret, Sam Hughes, Tucson, AZ Sat Jun 23, 2012

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Suzie Marquardt Dave Fahrny’s answer
That is a good question. If it will help homeowners that are in real trouble and if they are allowed to stay and rent back I am all for it.. There is a need for more good rental inventory from what I hear. I am not really in the rental market. I think the program will be run poorly like most if not all government programs. A few years down the road the investors will pull out and create more havoc. That is my gut feeling.
Thank You
Suzie Marquardt
0 votes Thank Flag Link Sat Jun 23, 2012
Not sure if this will happen. The Big Hedge fund houses are buying up the REOs in bulk, rehabing and listing for sale.

So until it actually happens, don't hold your breath.
0 votes Thank Flag Link Sat Jun 23, 2012
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