The Real Deal Miami

Web sites let investors purchase foreclosed home portfolios

November 26, 2008 12:17PM

Web sites are emerging to take advantage of a new real estate market —
bulk sales of foreclosed homes to investors. The Web sites may help
banks, which don’t have the resources to sell off repossessed homes.
But only a few bulk deals have closed so far because of price
disagreements. Sellers often withdraw from selling when they don’t get
the bids they want, one investor said.