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Foreclosed Homes are purchased by Investors

Investors are buying up foreclosed single family homes and renting them out.  Some of the people who are renting them are the people who have lost their homes in a foreclosure situation. Families who have had their homes foreclosed on are looking for single family homes to rent because that's what they are used to.  They prefer a backyard to an apartment.  Investors are buying and renting these homes because flipping homes in the current market does not bring a quick profit anymore.

 

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