Truthdig - Tag - Home Bidding

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Tag: Home Bidding

niallkennedy (CC-BY)

Surging Foreclosures Benefit Home Investors

A sunken housing market has turned foreclosure auctions into feeding grounds for the vultures of American capitalism. Low prices mean plenty of available buildings to be bought, fixed up and sold at a profit. Meanwhile, suffering evictees are nowhere to be seen, except for the rare occasions when they show up to protest or bid on the homes themselves.