Sunday, September 18, 2011

HUD Real-Estate Owned Property Portal

Did you know that the U.S. Department of Housing and Urban Development has a mapping tool designed specifically for Real-Estate Owned (REO) Properties? The mapping tool is a portal that identifies properties from Fannie Mae, Freddie Mac and FHA in targeted geographies.

Here's what HUD has to say about the tool:

"The REO Portal is a consolidated neighborhood listing and mapping tool to assist neighborhood stabilizers in identifying Real-Estate Owned (REO) properties from Fannie Mae, Freddie Mac and FHA in targeted geographies. The portal supports more efficient disposition of REO properties to support the stabilization of neighborhoods and recovery of local housing markets by enabling a neighborhood-focused strategic approach to acquisition. Users employing HUD's Neighborhood Stabilization Program (NSP) or other resources in the targeted acquisition, rehabilitation and/or demolition of REO properties can use the REO Portal to define target geographies and receive recent listings from Fannie Mae, Freddie Mac and FHA."

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