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January 10, 2012
A "Cottage Industry"? The Business of Buying Foreclosed Properties
Federal regulators are developing a program to sell government-owned foreclosures in bulk to investors. With the need to dispose of foreclosed properties in a way that will speed economic recovery, investors are positioning to take advantage of this opportunity -- and are already buying foreclosed properties at auction and from banks.
Link: http://www.cnbc.com/id/45945390
(ag) Jan. 10, in Economy
January 10, 2012 | Permalink
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