invest: My Solution for Bank Owned Foreclosed Properties (REO's)
- 11/08/11 04:34 AM
I read this today: Freddie could take more than a decade to unload REO inventory and thought, "Ugh, really?" If asset managers of large institutions got wise, they could responsibly unload a number of these properties to value oriented investors, rehabbers, and property managers. In this market, there is no shortage of savvy investors out there looking to build their portfolios up with discounted properties. REO, short sale, pre-foreclosure, you name it. Some of these companies/people are pillars of their respective communities hoping to bring back the local lustre. They're endeavoring to rebuild neighborhoods, houses, and even provide affordable housing solutions. (0 comments)