Investors Outdo Banks Offloading Distressed Properties: Report

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August 13, 2011
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Third-party investors are much faster at reselling foreclosures than banks, according to ForeclosureRadar, a California-based tracking firm.ForeclosureRadar keeps close tabs on foreclosure activity in states along the country’s western seaboard, and the company says one market dynamic that it’s found to be consistent throughout the area is that investors are moving foreclosed homes at a more rapid pace than lenders who take possession of REOs.Armed with this information, O’Toole takes issue with the government’s recent push to turn foreclosed homes into rental properties.

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August 13, 2011
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