REO To Rental: A New Paradigm For The US Housing Sector
May 11, 2012, 1:26 PM EDT
Law360, New York (May 11, 2012, 1:26 PM EDT) -- The prospect for an extended period of high levels of home loan delinquencies, foreclosure proceedings and real estate owned (REO) is causing regulators, mortgage lenders and investors to re-examine traditional approaches to handling REO. This is generating increased interest in an interim strategy of a transition from single family REO to rental uses of such properties.
Investors may find that government and private sector programs offering bulk sales of single family REO properties offer attractive opportunities in the current housing market. Investors will want to consider...