The government-controlled mortgage giant Fannie Mae invests $5,700 on average into foreclosed properties and sells them at the market prices to offset losses.
The investment Fannie Mae is making into their foreclosed assets gets their assets into move in condition is really important to help Fannie Mae sell faster and brings a higher price for the property.
Fannie Mae offers several programs to assist new buyers in purchasing Fannie Mae owned Foreclosure properties. These incentives include Fannie Mae’s innovative First Look marketing period was created to promote homeownership and contribute to neighborhood stabilization — allowing homebuyers to bid and purchase foreclosed properties before they are made available to investors.
Here’s a video from cnn.com about how Fannie Mae is investing into repairing and sprucing up foreclosed properties:
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