The Wall Street Fraud Watchdog Urges Bulk Home Foreclosure Investors To Use Their Diligence Service Before Buying Into A Fannie Mae REO Portfolio That Is A Minefield

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The Wall Street Fraud Watchdog has become aware that Fannie Mae, and the Obama Administration may be preparing to do a pilot program on selling bulk portfolios of home foreclosures to investors. According to CNBC on January 9th 2012, "The Obama administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, is very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration officials." The Wall Street Fraud Watchdog is saying, "We actually proposed something like this back in August of 2011, its refreshing to see it only took Fannie Mae, and the Obama Administration nearly five months to figure out it was a great idea. We think buying bulk REO's is a very smart idea for REIT's, institutional investors, or high net worth investors. However, before you jump in, you need to discount the Fannie Mae offering by ten percent, because that is the number we have pegged for residential real estate market devaluations for the US in 2012, and at least in Florida, Alabama, Mississippi, Louisiana, Southeast Texas, and Virginia, investors had better know everything there is to know about toxic Chinese drywall home foreclosures." The group says, "Not only can we do the due diligence, but we can also prepare a fair market rental rate estimate for each home, that includes a market absorption calculation, along with an annual budget for each property in portfolio. In addition we can advise the investor what areas of the country to go for, and what areas to avoid, based on our sense of future appreciation, rental appreciation potential, and we can even set up an extremely transparent management structure, to manage, maintain, and keep the properties rented." For more information investors are always welcome to contact the Wall Street Fraud Watchdog at 866-714-6466, or they can contact the group via its web site at http://WallStreetFraudWatchdog.Com

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Why build any rental right now, when you could amass a gigantic portfolio of REO's that would more than cover their debt, and actually offer future appreciation?

The Wall Street Fraud Watchdog says, "In the June 2005 edition of Money Magazine an affiliated group of our's actually called the US real estate market a train wreck waiting to happen, because of bank, or homebuilder appraisal fraud. We were correct. We are also correct about the idea that Fannie Mae & Freddie Mac need to get out of the REO business, because the government, or Fannie do not make for good landlords. However, if the government, Fannie, and Freddie do in fact start doing jumbo portfolio sales of home foreclosures, the investor will not only need to know exactly what they are doing, they will also have to be fully aware of the minefields awaiting them, before they throw down big on a Fannie Mae, or Freddie Mac REO portfolio. Location, location, location, means a lot more today, than they ever have before." The group says, "Some real estate markets are probably better positioned to rebound before others. As an example states with no income taxes will fare much better than states with regressive taxes, or insane property taxes. Unfortunately, some of those states, that have better business environments also have home foreclosures with toxic Chinese drywall (Florida, Alabama, Mississippi, Louisiana, and Texas). So as part of the due diligence process the presence of toxic Chinese drywall has to be on the to do list, and we are set up to do this, along with all other aspects of the due diligence process." http://WallStreetFraudWatchdog.Com

The Wall Street Fraud Watchdog is saying, "When we heard REIT's, homebuilders, or investors were building rental properties, we knew it was a really stupid idea. Why build any rental right now, when you could amass a gigantic portfolio of REO's that would more than cover their debt, and actually offer future appreciation? However, this is not the S&L crisis of the late 1980's, and any acquisition of a jumbo Fannie, or Freddie home foreclosure portfolio could be very risky, if the due diligence is not perfectly done, that includes attention to every detail from pricing of the offer, individual rental potentials, ROI on an individual basis, market absorption, cost to put the property in a position to be rented, ongoing operational budgeting for each property, etc. We can do all of these things, and more." For more information investors looking to amass a portfolio of REO properties can call upon the Wall Street Fraud Watchdog for their world class due diligence service at 866-714-6466, or they can contact the group via their web site at http://WallStreetFraudWatchdog.Com

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