Last month, I was hired to advertise BULK FORECLOSURES, to investors, all over the country. I had never even heard of Bulk Foreclosures before, but now I do and find it fascinating that this is going on. Have you ever wondered what happens to properties that do not get sold within the designated time that banks and Mortgage companies have, to liquidate the properties? They package them all together, Thousands at a time and sell them to huge investors in BULK. Recently, 35 Billion dollars worth of properties were sold to WALL St investors. These investors buy homes in packages of thousands, for absolutely pennies on the dollar. They in turn, sell them in smaller packages, hundreds at a time, to smaller investors and so on, until there are ultimately sold individually. Everyone that is associated with this is making huge profits. They are located all over the country and available to investors that are willing to buy sight unseen, but at prices that are unheard of. Anyway, I don't want to ramble on with the details, I just wanted to put this out there to you guys, about what's going on in the country, with Foreclosures. I Found it very interesting, I hope you did also. Only in America!!
This entry hasn't been re-blogged: