(LegalLaw247.com, January 21, 2012 ) Houston, TX -- FreedomMentor.com Editor, Phil Pustejovsky releases a new blog Post about the new Government Foreclosures Plan.
Federal Reserve Chairman, Ben Bernanke, cited a plan to pilot a program early this year which would convert government-owned foreclosure properties into rentals. Foreclosures now owned by Fannie Mae, Freddie Mac and HUD would be sold to investors in bulk.
"A disproportionately large number of single family home rentals has a very negative impact on the housing market. Apartment vacancies are at all time lows these days. Excellent! Apartments make for great rentals and do a wonderful job of handling a portion of the overall rental market. But forcing single family homes to become rentals that otherwise, through the free market system, may have become owner-occupied properties, can hurt our neighborhoods," says Pustejovsky.
About Phil Pustejovsky and Freedommentor.com:
Real Estate Investing Coach and Mentor Phil Pustejovsky is a national speaker, best selling author, legendary investor, and highly-sought-after trainer that has been leading everyday people to financial freedom for nearly a decade through the power of real estate.
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Brian Horn
(713) - 340 - 0375
brian@beonpage1blog.com
Source: EmailWire.Com
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