Merkley Urges Rehab-to-Rent Strategy to Help Stabilize Housing

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By North Dakota RealEstateRama -

WASHINGTON, DC – October 28, 2011 – (RealEstateRama) — Oregon’s Senator Jeff Merkley joined 33 of his colleagues in asking the Obama Administration and the Federal Housing Finance Agency (FHFA) to swiftly develop an efficient and effective real estate owned (REO) management strategy. This strategy will convert foreclosed homes into affordable rentals to help address the foreclosure crisis and stabilize the housing market

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