Government
May 12, 2012
Anchor Pacifica creates new liquidity risk for housing investors
New developments could trigger constitutional protections prohibiting investors from evicting tenants at the conclusion of their leases. By Ryan Waggoner of Allen Matkins Leck Gamble Mallory & Natsis LLP
The federal government recently announced an initiative that aims to invigorate the housing market through the sale of Fannie Mae- and Freddie Mac-owned houses to third-party investors, who will be required to rent these homes for a specific period of time. Investors hope to rent these properties until the housing market rebounds, at which point they will sell their investments for a considerable profit - or so they think. Following the 2nd Distr...
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