WASHINGTON, DC – August 10, 2011 – (RealEstateRama) — The U.S. Department of Housing and Urban Development today launched a new web-based mapping tool displaying the location all foreclosed properties being held by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). These foreclosed homes collectively account nearly half of all real estate-owned or REO properties in the U.S. HUD’s REO Portal is intended to help local communities, homebuyers and responsible investors to acquire these properties and accelerate efforts to stabilize local housing markets.
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