“PPIP” is what Washington (FDIC) is calling it.
“PPIP” is what Washington (FDIC) is calling it.
It means Public - Private Investment Program, which is what the Feds want to use as a vehicle to liquidate all the toxic real estate assets off the books. A toxic real estate asset means LOANS.
There is not enough money in the government coffers to buy all the toxic real estate assets. It doesn’t matter who or what is the cause. These toxic real estate assets need to be liquidated.
The Feds are going to guarantee this program. Additionally, they will be given some leverage to private investors to buy such loans.
If this works out well this model may be used for comsumer and commercial toxic asset loans too.
What does this mean to you? It means there will be good buys for you if you have good credit. Call me for more information.
Labels: Foreclosure Information, FYI, Short Sales Education
posted by Unknown | 5:04 PM
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