Single-Family Housing Opportunities to Improve Federal Foreclosure and Property Sale Processes

Discusses opportunities to reduce the time necessary to sell foreclosed properties & minimize costs to the Fed. gov't. Fed. programs in HUD, the FHA, the VA, & the USDAs Rural Housing Service promote mortgage financing. Congress has also chartered Fannie Mae & Freddie Mac to facilitate mortgage lending & to promote homeownership opportunities. This report: provides an overview of the foreclosure process as estab. by state laws & org. procedures; compares & contrasts the org's' approaches to managing, selling & establishing title to foreclosed properties; & provides comparative data on the time that it takes the org. to acquire & sell foreclosed properties & describe potential reasons for any differences in these time frames. Illus.D'Agostino, David M. is the author of 'Single-Family Housing Opportunities to Improve Federal Foreclosure and Property Sale Processes' with ISBN 9780756731687 and ISBN 0756731682.