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January 10, 2012

FINALLY: The Government to Sell Foreclosures in Bulk

The government has apparently decided to stop hoarding houses. I wonder who in the brain-trust thought it would be more productivity to sell the homes and fill them with renters instead of hold onto them and watch them fall apart? It only took three years to figure this gem of obviousness out.

No mention of this on the Fannie Mae website yet. Haven't seen a government press release either.

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