Freddie Mac has no intention of offering investors any discounts for bulk sales on foreclosures. Properties sold at such a discount to investors is creating concern that this plan would create adverse pressure on the market. The letter from Freddie Mac stated, “We are extremely mindful of the impact in our approaches to pricing and how it affects the values of neighborhoods should a discounted sale occur.”
To read the complete article from DSNews.com, follow this link: http://www.dsnews.com/articles/freddie-mac-offers-reo-bulk-sales-2011-09-16?utm_source=twitterfeed&utm_medium=twitter
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