Washington, DC – The Federal Housing Finance Agency (FHFA) today announced that Pacifica Companies, LLC has purchased 699 Fannie Mae properties in Florida as part of a real estate owned (REO) pilot initiative.
FHFA will announce the winning investors for properties in other areas upon closing of the transactions in the coming weeks. Properties in Atlanta (541) were not awarded. Those properties will be evaluated for disposition through Fannie Mae’s retail sales operation or through future structured transactions. All properties were sold near or above market value.
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source: thenichereport.com