http://blog.foreclosure.com/2009/08/century-21-real-estate-agents-training-on-selling-foreclosure-homes-a-success/ Distressed Real Estate News and Opinion Thu, 02 Feb 2012 16:42:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://blog.foreclosure.com/2009/08/century-21-real-estate-agents-training-on-selling-foreclosure-homes-a-success/comment-page-1/#comment-26890 Robin Basichis Thu, 22 Oct 2009 21:22:51 +0000 http://blog.foreclosure.com/?p=2107#comment-26890 I am seeing Fannie Mae gobbling up most of the homes that are being sold at sheriff sale here in Las Vegas. They normally purchase the property and then hand it over to a real estate brokerage to manage it. In some cases they do not evict the home owner - instead they send out a form letter asking if there is a renter in the home and if they renter wants to keep on renting they have the option to do so. I have seen this form letter about ten times this past week. Do you have an idea why Fannie Mae is buying all of these properties? Don't they have enough foreclosed properties to deal with at present? Where are the other investors? What was the plan after they received all kinds of money from the government, are they supposed to go back and buy up all their toxic assets for ten-cents on the dollar and screw the homeowner? I would appreciate any insight you may have. Thank you - Robin Basichis. I am seeing Fannie Mae gobbling up most of the homes that are being sold at sheriff sale here in Las Vegas. They normally purchase the property and then hand it over to a real estate brokerage to manage it. In some cases they do not evict the home owner – instead they send out a form letter asking if there is a renter in the home and if they renter wants to keep on renting they have the option to do so. I have seen this form letter about ten times this past week. Do you have an idea why Fannie Mae is buying all of these properties? Don’t they have enough foreclosed properties to deal with at present? Where are the other investors? What was the plan after they received all kinds of money from the government, are they supposed to go back and buy up all their toxic assets for ten-cents on the dollar and screw the homeowner? I would appreciate any insight you may have. Thank you – Robin Basichis.

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