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Owner-Occupants Versus Investors: Who's winning the bidding battle?

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Hispanic Real Estate

Hispanic Real Estate

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Cash investors are scooping up discounted REO properties, rehabbing them and renting them back to locals. Cash investors offer banks and brokers fast, easy transactions. However, this trend creates renter communities. Industry executives discuss the significance of this trend, the ramifications it spells for the minority community, and the need for more solutions that move foreclosed homes back into the hands of owner occupants. Special guests include: Craig Nickerson, National Community Stabilization Trust; Brian Hurley, New Vista Asset Management and Inside Mortgage Finance Publisher Guy Cecala.

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