In a major shift, HUD and the FHA are walking back a Biden-era policy on foreclosures that gave nonprofits and government agencies first access to buy distressed properties. Originally intended to support affordable housing and community revitalization, the policy has delivered underwhelming results—prompting officials to reverse course. In this episode of Real Estate News for Investors, Kathy Fettke breaks down what this rollback means for investors, how it could speed up the flow of foreclosed homes to the open market, and why it might lead to new buying opportunities in 2025.
Topics Discussed:
- 00:00 New FHA Policy
- 00:30 FHA Previous Foreclosure Policy
- 01:02 Mixed Results from Policy
- 01:50 Immediate Changes
- 02:10 What this Means for Investors
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Source: https://www.housingwire.com/articles/fha-walks-back-biden-era-restrictions-on-foreclosed-property-sales/)
