May 29, 2009
A recent New York Times article describes how the economic downturn and the foreclosure crisis are creating a new kind of real estate entrepreneur.
A flood of absentee buyers are now looking to purchase foreclosed and REO properties at rock bottom prices and then offer them up to the former homeowners as rentals before the original occupants ever leave.
More on Entrepreneurs in High-Foreclosure Areas Turn Homeowners Into Tenants
