Government liquidating foreclosed homes
As intended, the mass media are playing their part in classic style. And although there is an allowance for these kinds of rentals, it is a minor political facade to the obvious true goal of bulk-sale privatization of these homes. The entire massive HUD REO Portfolio is quietly managed by a handful of private firms already, a group listed as Management and Marketing Contractors.
The investors in this program have been waiting for this opportunity since the portfolio of homes owned by HUD began to spike in 2007, when foreclosures surged first in the “Rust Belt,” principally Ohio and Michigan. These M&M companies are principally owned by and employ former high-ranking government officials from the various germane agencies — the Treasury, HUD, FHA and others.
Purchasing surplus goods from the government is an easy and affordable way to equip your new and expanding business.
From computers to cars to gently used medical equipment, just about anything you can think of that your business might need is sold by the government at or below cost, or fair market value.
An RFI is ostensibly a way for the federal government to get input from the private sector on how to accomplish the goals laid out in the request.
This gives you a cost-effective, custom solution for liquidating your distressed assets regardless of the location.
When liquidating distressed assets, like others, you seek to preserve value, maximize cash flow and optimize your recovery upon sale and you don't have the desire or the time to choreograph the activities of multiple vendors, investors or government entities.
) — The largest transfer of wealth from the public to private sector is about to begin. In reality, the RFI is a way for the members of Congress to find out if they can get away with bulk-selling these homes to private companies without incurring the wrath of their constituents, taxpayers and former owners of the properties.
The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors — vulture funds. The way to keep taxpayers from pushing back is to structure the RFI so that the real intention, the bulk sales, is masked by feel-good goals, such as stabilizing neighborhoods and increasing the supply of rental properties. has run articles discussing the plan as a rental conversion, allowing readers to assume that Fannie, Freddie and HUD will be renting the properties directly to families who need housing. government, was the largest improved real estate owner in the world, because of its portfolio of foreclosed homes, which is classified as “real estate owned” (REO).