Purchasing Properties at Scale: Lessons on Acquiring REOs During the Foreclosure Crisis from bulk purchase Watch Video
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Description: The subprime mortgage crisis and rash of foreclosures threaten to reverse the incredible progress made in low-income urban communities over the past 20 years.nnIn response, Living Cities, a national philanthropic collaborative of 22 of the world's largest foundations and financial institutions, launched a national initiative that funded the most promising local approaches for returning foreclosed properties to productive use in 10 cities across the country.nnOne such approach is to acquire real-
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