REO to Rental trend in the US market in 2012
REO to Rental trend in the US market
Banks, Real Estate Investors and REITS are Renting out Foreclosed Homes and then putting them into Rental-Backed Securities
Banks and real-state investors are working on a new type of security that is tied to the housing market, Recently, The Wall Street Journal reported, that instead of having the securities backed by mortgages, the new securities will be backed by the rental payments of residents who live in previously foreclosed homes… (read more)