Lot of wealth changing hands. Helps to have friends in high places.
People are becoming less interested in making wealth and more interested in grabbing it.
Step 1 be a bundler for 0...
Can they convey clear title??
If the property was in a MERS, I doubt it will be easy.
1: Most likely in the hands of some administration lackey.
2: Moot point. Only big donors to Obama’s campaign are allowed to bid.
3: Nothing good.
Sounds like a job for the FR sleuths.
#1...Forget it. Info is not being released to the general public,
#2...Only obama's inner circle. All awards will go to his Swiss and Grand Cayman financial lawyers and to Valerie Jarrett.
#3...You will be a millionaire slum-lord within 2 years.
If you have to ask, you haven’t been paying attention.
1. Fannie Mae DC Offices. Fed Reserve DC Office. Senator Shelby’s Office.
1. http://www.federalreserve.gov/publications/other-reports/files/housing-white-paper-20120104.pdf
2. Very liquid REITs and privately owned property management companies who can pass a screening process to prove they have the infrastructure in place to be landlords to large numbers of properties.
3. Shifting the supply curve by limiting the supply of foreclosures will in the short term will be positive on single family home prices. In the mid to long term it creates horrible problems due to the detoriatino of housing stock, i.e. physical destruction due to it being rental properties instead of owner occupied.
The only number I saw thrown about was blocks will be sold in 75Million dollar minimums, but it’s just a rumor.
Maybe this is why I couldn’t find the ghetto slums of North Philadelphia on Google street view the other day. All nice and tidied up now. It’s interesting what money passed between politicians can do.