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Home » FHA Changing HUD REO Contracting System
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FHA Changing HUD REO Contracting System

June 25, 2010
The FHA separated the two functions performed by vendors that maintain and sell the agency’s inventory of real-estate owned properties. The agency said the change is intended to reduce risk, increase sale prices and accelerate the pace of reselling REOs. The Department of Housing and Urban Development announced last week that it awarded contracts...
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