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Real Estate/Development

Aug. 20, 2011

Proposal for foreclosed homes as rentals raises questions

Real estate and finance lawyers are watching with interest pending legislation that would let government-backed lending giants Fannie Mae and Freddie Mac and FDIC-member banks rent out foreclosed homes.


By Jason W. Armstrong


Daily Journal Staff Writer


Real estate and finance lawyers are watching with interest pending legislation that would let government-backed lending giants Fannie Mae and Freddie Mac and FDIC-member banks rent out foreclosed homes to reduce the glut of vacant properties in neighborhoods.


While the U.S. House of Representatives' Financial Services Committee is considering the bipartisan bill, the Obama administration is...

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