Friday, December 2, 2011

REO investors squeezing out owner occupants

REO investors squeezing out owner occupants: Owner occupancy rates of real estate-owned sales are plummeting as investors who recognize their economic value are taking advantage of bulk transactions, a trend that nonprofits and trade groups are closely monitoring.
New Vista Asset Management, a San Diego-based provider of real estate services for sellers of foreclosed residential homes, performed a three-year study that found [...]

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