Quote:
Originally Posted by realcoray
I've heard zero reports of the government buying homes and remodeling them, even for banks this is a very rare thing to do. I was in the market for months this year and saw nothing like that at all. I wouldn't say it could never happen but that is not typical at all.
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I'll sleep better knowing you keep up with what's happening in the Rochester NH Real Estate market....long story short...Rochester got a hold of some fed money, bought up some homes in a distressed area and renovated them. New from top to bottom. Some of that money was used by the Realtor to advertise them...OVER AND OVER AGAIN....with VERY LARGE ADS in the local paper. Oh BTW, if you made a liitle too much money, you couldn't buy it.
One particular duplex they did worked out real well for an older couple trying to unload theirs.....LOL competing against the government!!
One town north of us (Berlin) used their Fed money to raze some homes. Was up to the town as I understand it.