Upcoming Foreclosures

Is Fannie Mae trying to keep bad debt and acquire more bad debt in order to get more TARP money?

They have rejected my offer of 79% of listed price on a house they acquired through foreclosure. This house is going to auction May 16, and they have no other offers! Why would they turn mine down and keep collecting taxpayer dollars on a bad debt? They will definitely make less at auction! I just don't get it.

Public Comments

1. Fannie & Freddie are both just trying to stay alive, government agency, go figure