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Fred Kissinger
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I am a full service agent with Prudential Nevada Realty in the Reno/Sparks area. If there is anything you want to know about the area, visit my website
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Fred Kissinger answered:
Hi Marie,
The govt. did put a moritorium on NEW Freddie Mac and Fannie Mae forclosures. This meant that they were not to start new foreclose proceedings. They, and other lenders were always and have been able to sell the properties that were already forclosed on. The moritorium has recently been lifted or is about to. Sorry I forget the date of the end. Currently there are 575 homes, condos and manufactured homes that are bank owned and for sale in Reno and Sparks.
I hope this helps!
The govt. did put a moritorium on NEW Freddie Mac and Fannie Mae forclosures. This meant that they were not to start new foreclose proceedings. They, and other lenders were always and have been able to sell the properties that were already forclosed on. The moritorium has recently been lifted or is about to. Sorry I forget the date of the end. Currently there are 575 homes, condos and manufactured homes that are bank owned and for sale in Reno and Sparks.
I hope this helps!
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