International Property Investment » bank owned property http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Mon, 30 Apr 2012 18:28:08 +0000 en hourly 1 admin admin International Property Investment Blog No No Entrepreneurs in High-Foreclosure Areas Turn Homeowners Into Tenants http://internationalpropertyinvestment.com/entrepreneurs-in-high-foreclosure-areas-turn-homeowners-into-tenants http://internationalpropertyinvestment.com/entrepreneurs-in-high-foreclosure-areas-turn-homeowners-into-tenants#comments Fri, 29 May 2009 14:09:51 +0000 pgrundy http://internationalpropertyinvestment.com/?p=2551 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.

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