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Real Estate Briefing - Categorized | Finance, People, Private Equity more

Obama’s secret plan to prop up housing prices – OpEd

Posted on 06 September 2012

Private Equity firms are piling in to the housing market to take advantage of bargain basement prices on distressed inventory. The Obama administration is stealthily selling homes to big investors who are required to sign non-disclosure agreements to ensure that the public remains in the dark as to the magnitude of the giveaway.
Aside from the steep discounts on the homes themselves, the government is also providing “synthetic financing to reduce the up-front capital required if they agree to form a joint venture with Fannie Mae and share proceeds from the rental or sale of properties.”…………………………………….Full Article: Source


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