Investors now have until May to bid on pools of foreclosed REO properties owned by Fannie Mae, thanks to a one month deadline extension granted by the Federal Housing Finance Agency (FHFA). No firm deadline has yet been announced. Originally announced in February, the pilot program invites investors to bid for government-owned homes in eight key markets. A total of 2,490 properties are available, located in Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and north, south and central Florida. The FHFA is working with the Treasury Department to sell these properties in bulk to investors, who would then make them available for rent. FSRR is continuing to help investors successfully bid and win governmental approval by quickly delivering custom property management solutions and effective responses to complex RFP questions. Learn more

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