Boom, Bust, Flip - NYTimes Magazine

OK, profiteers at the gates of real estate?  Maybe.  It depends who you ask.  The NY Times Sunday magazine contains a detailed article about folks whose homes have been lost which were then purchased by the bank and sold to a third-party investor for eventual resale.  So what kind of properties are we talking about?

There’s a popular perception that so-called McMansions and Garage-Mahals brought down the housing market. Yet more than half of all homes that went into foreclosure between 2007 and 2012 were actually in the lowest price tier when they were purchased, and most were located in middle- and lower-income areas.

Read the full story and see what's happening in the distressed property market. Boom, Bust, Flip

For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us. We can help. Located in Fairfield, NJ, we are the title insurance agent that does it all for you.

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