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Paulson, Amherst and other Wall St. investors are considering bidding for pools of repossessed...

Paulson, Amherst and other Wall St. investors are considering bidding for pools of repossessed properties being sold by Fannie Mae (FNMA.OB). The bidders would buy to rent rather than to resell, and so help boost the housing sector by reducing the backlog of properties on the market.
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  • User 462216
    , contributor
    Comments (95) | Send Message
     
    This should be an interesting experiment. Its one thing to have a 300 suite apartment building. But 300 single family homes in need of repairs, all with their own roof,hot water tank, furnace, ect. The rent to own market hasn't worked so well so far. Something is a miss here. Unless of course there is going to be some cherry picking.
    19 Mar 2012, 08:05 AM Reply Like
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