'US seeking to unload 92,000 foreclosed homes'

from news.cincinnati........

"The government wants to unload 677 foreclosed single-family homes in the 15-county Greater Cincinnati region that it or government-sponsored Fannie Mae and Freddie Mac now own. 


Washington is so stumped about a list of 92,000 properties that it holds nationally that it’s asking investors and others to send in ideas on what to do. The Cincinnati region has more government-owned foreclosures on the list than any market in Ohio, Kentucky or Indiana. In fact, the region’s total is higher than those for 19 states, including Kentucky. 


The 92,000 homes nationally are part of a total 250,000 foreclosures of all kinds that the government holds, apparently making it the nation’s largest owner of foreclosed properties. The 250,000 is roughly a third of foreclosed properties across the U.S."................READ MORE