FHFA Announces Winning Bidder in Chicago REO Pilot Initiative

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On October 2, the FHFA announced that The Cogsville Group, LLC purchased 94 Fannie Mae properties in Chicago as part of the REO pilot initiative. Fannie Mae will continue to offer pools of properties in U.S. markets that have a strong demand for rental housing and substantial supply of REO housing. Investors may prequalify for future sales. FHFA Release.

Published In: Administrative Agency Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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