Jamie Meloni--Surprise-Hedge Funds Still Buying Foreclosures #2726

Jamie Meloni has been called the Million Dollar Real Estate Agent and is a foreclosure sales specialist in the Tampa Florida Market. He says that while the hedge funds and private equity buyers aren't buying up single family home foreclosures in the records numbers they were in 2012, they're still active purchasers. This seems to fly in the face of the commonly held wisdom, but perhaps the Florida RE market has certain properties that make it more robust than others across the nation. Since it's so retiree dominated that makes it less employment driven, which is a real plus in today's flagging job market.