Cogsville Group To Purchase 94 Fannie Mae Properties in Chicago was originally published on Chicago Agent Magazine, the leading source for news and perspective for real estate professionals in the Chicagoland area.
By Peter Ricci New York-based Cogsville Group has been selected by the Federal Housing Finance Agency (FHFA) as the second winning bidder in its REO pilot initiative, the ambitious plan to convert�thousands of government-owned distressed homes into affordable rental units. For its bid, The Cogsville Group will purchase 94 Fannie Mae-owned properties in Chicago, or, 111 total units, 68 of which are occupied. All the properties were sold near or above market value, and a third party valuation has priced the properties at $13.7 million. FHFA REO Pilot Initiative & Cogsville Group The Cogsville ...
Cogsville Group To Purchase 94 Fannie Mae Properties in Chicago was originally published on Chicago Agent Magazine - For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.
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