If I can help you find the perfect Napa Valley property, please email me
FHFA announces winning investor in Chicago REO pilot initiative
The FHFA announced this week that The Cogsville Group, LLC has purchased 94 Fannie Mae properties in Chicago as part of a REO pilot initiative. All properties were sold near or above market value, according to the FHFA.
FHFA launched the REO pilot transaction in late February. Investors were qualified to bid through an evaluation process based on several factors, including financial strength, asset management experience, property management expertise, and experience in the geographic area. Bids were then solicited from investors on approximately 2,500 single-family Fannie Mae foreclosed properties in areas hardest-hit by the housing downturn.
FHFA recently announced that Pacifica Companies, LLC had purchased 699 Fannie Mae properties in Florida as part of this initiative targeted to hardest-hit metropolitan areas — Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix, and parts of Florida. FHFA also announced the Atlanta properties were not awarded but would be evaluated for future transactions.
In another such transaction, FHFA recently announced that Pacifica Companies, LLC had purchased 699 Fannie Mae properties in Florida as part of this initiative targeted to hardest-hit metropolitan areas —Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and parts of Florida.
If I can help you find the perfect Napa Valley property, please contact me
Your Napa Valley Broker Extraordinaire, selling Real Estate here from its heart, Yountville
My website & blog: www.NapaValleyAddress.com
