Effects of foreclosure freeze: Sales dry up, investors turn cautious

Stubborn distressed homeowners. Possible legal wrangling. Skeptical secondary post-flip buyers. These are now all major concerns for cash-laden real estate investors who were snatching up foreclosed homes from banks, renovating and then re-selling them for profits several weeks later, according to CNN.com. What happened? Several major banks recently put the “freeze” on foreclosure sales to [...]

Source: http://blog.foreclosure.com/2010/11/effects-of-foreclosure-freeze-sales-dry-up-investors-turn-cautious/

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