Investment firms buying up Florida foreclosures

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Investment firms buying up Florida foreclosures

Investment firms buying up Florida foreclosures

Now you can understand when I say the market is manipulated. Whenever you hear the home market has finally turned around, think MANIPULATION. These are hedge funds, billionaire corps etc buying these in bundles.

So what happens to the massive toxic titles to these homes full of fraud? Like the toxic MBS, you think they have learned a lesson. 

A Bubble in the making.

Palm Beach Post-

Hedge funds and investment firms are buying up Florida foreclosures, beating out homebuyers and local flippers, while steering the state into what some fear is another real estate bubble.

The companies, including New York-based Blackstone Group and Lake Success Rentals, a partner of Toronto-based Tricon Capital Group, purchased an estimated 5,300 Florida homes last year that were in some stage of foreclosure, according to a report from RealtyTrac.

In Palm Beach County, RealtyTrac measured 425 purchases by firms buying multiple properties out of foreclosure and usually with the intent to rent them out until increasing property values can offer a substantial return on investment.

[PALM BEACH POST]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “Investment firms buying up Florida foreclosures”

  1. They are purchasing stolen mortgages with fraud assignments that most likely belong in the PSA’s and not owned by the banks. The banks must be laughing all the way to their bank.

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