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Month: April 2012

Could Foreclosures to Rentals turn this market around?

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In an article by Alejandro Lazo published Friday in the LA Times, it is reported that “The Federal Reserve has released a policy statement that could encourage the practice of converting lender-owned repossessed homes into rental properties.  By converting foreclosures to rentals with steady cash flow, banks could reduce the number of their “substandard assets,” a classification used by […]

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