[quote=davelj]
This is an absurd notion. The lenders (most of whom are not banks, by the way) want to get properties listed and sold as fast as they can. The problem is they lack the manpower to handle the volume.
[/quote]
I posted this on another thread on Piggs, but I’ll insert here also:
There is a poster on this thread on SDL that said:
“I can tell you where all the foreclosures have gone – BULK SALES. Investors, hedge funds and management companies are buying these properties in packages from 20-100mil. These packages have anywhere from 50-200 SFR in them. Typical pricing is apx .68 to current value. No one wants to believe it here, but the bottom is closer than people realize. ”
This is a little concerning. What will the impact be?
