›

One-Third of Foreclosures are Inv/Rentals

tomtomtomtom
edited October 2008 in Housing Bubble
I found this interesting:
According to RealtyTrac, about one-third of the 378,250 properties with valid mailing addresses that were in default or waiting for a foreclosure sale in May were not occupied by the owner. That would indicate they are investment properties or rentals.

http://biz.yahoo.com/ap/081016/meltdown_evicted_tenants.html
Sign In or Register to comment.