Big Money Moves Into Foreclosed Homes

[Bryan R.]

First time I've tried to submit a topic, hope I'm doing it right.

This article is by no means the first of it's kind, but interesting nonetheless.

http://www.bizjournals.com/jacksonville/print-edition/2012/08/31/big-money-gobbles-up-foreclosed-homes.html?page=all

[Andrew O.]

Big money eventually realizes they shouldn't be in the land lording game, and aren't making the returns required by their investors. I'm guessing a wave of off loading properties by hedge funds etc. they need to be making 8%+ to keep their hands in investors pockets.

[Steve Babiak]

Here's one where one of our BP members, @Chris Clothier, has been quoted:
http://www.mortgageservicingnews.com/msn_features_reo/single-family-rental-market-could-emerge-as-asset-class-1032480-1.html

[Jack Bobeck]

Just an FYI, properties that sit on the MLS that are REO, once they go past 180 days, they are packaged and sold to the PE funds. You can sometimes get a better deal buying a few properties from the PE Funds than you can from your courthouse steps. I do not know what the fund names are in your area, but search, ask and you shall find them.