[SoFloFreeper]

$17,600 per piece of real estate. What Obama donor got that deal? Was there bidding, or was this just a giveaway?

[Lorianne]

bulk sales of Fannie and Freddie (read taxpayer) owned residential foreclosed real estate. Same thing going on with FHFA

[Hebrews 11:6]

It's $12.3 million up-front plus the first $49.3 million realized, or $61.6 million; divided by 699 homes equals $88,126 per home.

Undoubtedly, this is a substantial quantity discount, but the buyer is out $12.3 million unless it can sell them and still doesn't get a penny until having first sold $61.6 million. Without knowing the neighborhood and the local economy, it's impossible to assess.

[wtd]

Ash Israni of Pacifica Co is not listed as a big Obama donor , but has several Israni members linked to Pacifica donating to the Dem party.