Big Investors Rummage For Profits in Foreclosed Homes

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Big Investors Rummage For Profits in Foreclosed Homes

Big Investors Rummage For Profits in Foreclosed Homes

Vultures…

WSJ-

On a muggy morning earlier this month, Paul Fuhrman pried the screen off a window to get into a two-story house in this Atlanta suburb.

It was just another day’s work for the 43-year-old executive at private-equity firm Colony Capital LLC, based in Santa Monica, Calif. After buying the house for $120,000 in a foreclosure auction, Mr. Furhman and his colleagues wanted to check out Colony’s new investment—and broke in because they hadn’t gotten the keys yet.

Mr. Fuhrman’s sweat and dirty hands show how the business of buying foreclosed homes, renovating and renting them out is morphing from …

[WALL STREET JOURNAL]

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One Response to “Big Investors Rummage For Profits in Foreclosed Homes”

  1. Joe says:

    Not Foreclosure MORE LIKE ROBBED HOMES AND THE COURTS HELPED. COLONY LLC OR WHAT EVER THEY CALL THEM SELF THEY PROBABLY THE SAME FRAUDULENT COMPANY THAT FRAUDCLOSED ON THOSE HOUSES .THOSE HOMES WERE PAID OFF LIKE 20 30 TIMES. WHEN ARE THESE DUM JUDGES GOING TO WAKE UP NONE OF THOSE homes DON’T HAVE A TITLE COME ON AMERICA GIVE WALL ST ANOTHER BAIL OUT COME ON AMERICA WAKE UP

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