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There's a new sign appearing in front yards across America. It's a rental sign, and chances are - it's out in front of the foreclosure up the road from you. Is this just a new marketing tactic to generate income for Fannie and Freddie, or is this a delay tactic aimed at taking the heat off these organizations as they hold nearly 50% of the foreclosed assets in the U.S.
We'll be asking these questions and more of our special guest and foreclosure expert, Rick Sharga, EVP of Carrington Mortgage Holdings, frequent contributor and guest commentator for the national media. Sharga has briefed government organizations such as the Federal Reserve, and the Senate Banking Committee on trends related to foreclosure. He'll be here to answer your questions, and to give us insight into the recently launched Foreclosure to Rental program.
Join us as we talk real estate, share the latest news, and answer listener questions with co-hosts Cliff Perotti and Jonathan D Nicholas. Grab a cup of coffee and enjoy the show.
It's good to talk.