“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?
