Home prices fell by nearly half after the housing bubble burst. Many first-time home buyers armed with $8000 tax credit and once in a lifetime low mortgage rates are flocking to purchase these properties.
In many situations, it has led to bidding wars. Overwhelmingly the winners of these wars are real estate investors who win the battles with all cash offers.
Find out what it’s like when goldfish are forced to swim against the sharks!
CLICK HERE to read story
Investors Wrestle with First-Time Home Buyers over Foreclosed Properties is brought to you by TReXGlobal.com, maker of the world's easiest Property Management Software.