Articles
Habitat for Humanity to Refurbish REO Homes
As reported by DSNews.com, Habitat for Humanity is making use of REO properties, by turning them into low-cost housing. The organization, which builds homes for free to provide affordable homes, is teaming up with the National Community Stabilization Trust, in order to purchase these run-down foreclosed homes and renovating them. Through the trust’s Property Acquisition [...]
Read Article ›Can REOs Help The Market Recover?
According to Housing Wire‘s publisher Paul Jackson, Real Estate Owned properties or REO Properties may hold the key to the recovery of the devastated real estate market. Jackson analyzes that because of the shortcomings of the HAFA (Home Affordable Foreclosure Alternatives) program and second liens making short sales difficult, REOs are the only way the market [...]
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