Florida Realtors® News posted an article that the current poor condition of Foreclosed homes for sale are devaluing surrounding homes.
In an effort to change that government lenders like Fannie Mae and Freddie Mac are doling out millions to spruce up the homes and maintain a presentable appearance on them. Private banks like Wells Fargo are participating similarly.
Hear, hear! That's great news. Puts the homes in a more "move-in" ready condition and will ultimately save new homeowners and investors alike the additional expense of having to make them liveable.
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