Big boys entering Residential Foreclosure market via Hedge funds (again)

[Jerry K.]

Thought this was interesting to see in "Institutional Investor" Magazine. The banks and big asset managers are creating new private placement (Hedge) funds to enter the Foreclosure market. They want to acquire and rent out foreclosed homes.

http://www.institutionalinvestor.com/Article/3042037/Hedge-Funds-and-Alternatives-Hedge-Funds/Big-Asset-Managers-Eye-Opportunities-in-Foreclosure.html?ArticleId=3042037&LS=EMS665995

[Tom Juhn]

This is a going to be the beginning of the next real estate bubble.