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Husband, father, inline skater, cycling and triathlon athlete and sometimes coach, graduate civil engineer, commercial and residential and commercial Broker Realtor® working in Ellum, Expo Park, Munger, Peak Suburban, PD 98, PD 269, Swiss Avenue, Baylor PD, all of in-town east Dallas, former home building land acquisitions executive, home builder, home designer (chief architect X3 design solutions), LEED Green Associate (GA), NAHB Green Professional (CGP), NAHB Graduate Builder (CGB), Universal Design and Accessability student and Certified Aging in Place Specialist (CAPS), Advanced Historic Home Specialist certified by Preservation Dallas..........EdgyDad is Biff Bailey of Dallas, Texas

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Government in Talks to Rent Out Foreclosures

Government in Talks to Rent Out Foreclosures #p #in

Last Update: 2011-07-28 06:15:37

Government in Talks to Rent Out Foreclosures

The Obama administration is considering a plan that would take foreclosed homes off the market and rent them out--in a move aimed at clearing the glut of unsold foreclosed homes and preventing home values from falling any more. 

Nationally, sales of distressed homes, which are often sold at steep discounts, continue to pull down home values. Removing some of the high number of foreclosed homes for sale is “worth looking at,” Federal Reserve Chairman Ben Bernanke said in testimony to Congress. Read More >

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