Investors bought hundreds of thousands of houses at low prices,
often out of foreclosure, and put these homes out to rent.
Earlier in the recovery, institutional investors like the Blackstone Group bought single - family houses by the thousand,
often out of foreclosure, and operated the properties as rental homes.
Not exact matches
Large numbers
of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in
foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent
out,
often to families that had lost their homes to default.
Often times people that buy before they are ready, will end up in
foreclosure, and generally have a crappy next 15 years, as they try to work themselves
out of the issue.
Before you commit to purchasing a home as part
of a short sale, be sure to consider the fact that a
foreclosure on the property is still possible and that short sale properties
often turn
out to have a lot
of structural and other problems upon inspection.
Knowing all
of the ins and
outs of Myrtle Beach
foreclosures can be incredibly difficult and
often overwhelming which is why here at SC Beach Real Estate, we have all the educational information and knowledge to best aid you with this decision.
Large numbers
of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in
foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent
out,
often to families that had lost their homes to default.