Tad Friend, Letter from California, "Cash for Keys"

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Written on:
April 7, 2009
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Letter from California about Leo Nordine, who sells foreclosed houses in Los Angeles. In 2006, Leo Nordine sold seventy-five houses for the banks; in 2008, he sold two hundred and eighty-two. This year he expects to sell a house a day. Nordine, forty-six, is one of Los Angeles’s leading R.E.O. brokers (bank-derived shorthand for "other real estate owned").

Written by:
Written on:
April 7, 2009
Category:
Not Categorized