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Investor Home Foreclosures |
- Home value decreases impact investors more than homeowners. Some walk away
- Investors purchased 20% of homes in 2007, 33% in 2005.
- Many bought invested in homesin hot markets like California, Florida, Nevada and Arizona.
- Risky home loan products that don't require down payments or proof of income.
- Some home loans allowed the borrower to pay only the interest on the loan.
- More than 30% of properties in the foreclosure process are owned by someone with a different address.
- U.S. Government programs are designed for real estate investors.
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