In a article published by The Arizona Republic on July 27, 2012 @ 4:30 pm written by Catherine Reagor it's alleging that Fannie Mae is purchasing their own REOs through a LLC that Fannie created. To read the article yourself, follow this link, http://www.azcentral.com/business/realestate/articles/20120727mystery-buyer-snaps-up-foreclosure-homes.html
I reached out to the REOPro community to verify this article and it's accuracy and I recevied some interesting information. From a confidential informant, I got a copy of the Arizona Corporation Commission vi State of Arizona Public Acess System...see below...
File Number: R-1776305-1
Check Corporate Status
Corp. Name: SFR 2012-1 U.S. WEST LLC
Domestic Address
2338 W ROYAL PALM RD STE J
PHOENIX, AZ 85021
Foreign Address
2711 CENTERVILLE RD #400
WILMINGTON, DE 19808
Statutory Agent Information
Agent Name:
CORPORATION SERVICE COMPANY
Agent Mailing/Physical Address:
2338 W ROYAL PALM RD STE J
PHOENIX, AZ 85021
Agent Status:
APPOINTED 07/18/2012
Agent Last Updated:
07/23/2012
Additional Corporate Information
Corporation Type:
FOREIGN L.L.C. Business Type:
Incorporation Date:
07/18/2012 Corporate Life Period:
Domicile:
DELAWARE County: MARICOPA
Approval Date:
07/23/2012 Original Publish Date:
Manager/Member Information
FANNIE MAE
MEMBER
3900 WISCONSIN AVE NW
MAIL STOP 11H-734
WASHINGTON,DC 20016
Date of Taking Office:
07/18/2012
Last Updated:
07/23/2012
DELAWARE County: MARICOPA
Approval Date:
07/23/2012 Original Publish Date:
Manager/Member Information
FANNIE MAE
MEMBER
Of course, we all will have our own opinoins on if this is a good or bad idea but, I got an even more intersesting article sent to me that said, "
The address that Fannie Mae used in "creating" this LLC is in the same building as East West Bank, a subsidiary of East West Bancorp, which is a Chinese-owned bank. Yes, this is the same East West Bank that received $306.5 Million in TARP money. So, not only were buyers in our market robbed of the opportunity to purchase 275 homes, but it appears that they were sold to a Chinese Bank. Thus, the reason they are trying to hide it from the American people."
Now, once again, I can't verify any of this but, if anyone can independently verify this information I would greatly apreciative.
