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New ideas for old REOs: a disposition framework for marketing REOs for rental properties

Author

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  • Mariana Arcaya
  • Prabal Chakrabarti

Abstract

The unprecedented accumulation of foreclosed properties in recent years has presented a challenge to communities, banks, and policymakers. This article outlines a potential disposition framework for government-sponsored and private enterprises to identify which foreclosed properties would be most appropriate for rental and which would remain most appropriate for homeownership. This disposition framework is then applied to the existing stock of foreclosed properties in Massachusetts, and the authors explore the possible utility of this analytic technique as a policy tool.

Suggested Citation

  • Mariana Arcaya & Prabal Chakrabarti, 2012. "New ideas for old REOs: a disposition framework for marketing REOs for rental properties," New England Community Developments, Federal Reserve Bank of Boston, pages 9-15.
    • Handle: RePEc:fip:fedbcd:y:2012:p:9-15:n:1
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