Outside Investors – Banks Foreclosures

Aldo Svaldi of the Denver Post has written a detailed article (Dec 18th / Business Section):

  • “Banks bid up foreclosures” article
  • detailing outside investors may be a better option, but few are found at auctions to purchase REOs. Mr. Svaldi’s article covers:
    – Lenders are taking back bulk of properties, causing all kinds of expenses to carry properties,
    – Properties sit empty for months,
    – Empty properties drive down their home prices, and hurting prices in neighborhoods,
    – Why not get properties into the hands of investors quickly, and off the Bank’s books?
    – There is the Bank’s perspective too.
    Mr. Svaldi does a great job of detailing all the pros and cons of Banks holding properties.

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