The right time for bulk buyers?

Experts say some lenders reluctant to unload units

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Inman Connect New York | January 29 - February 1, 2019

A forest of foreclosures — the afterglow of a financial firestorm, overbuilding and plummeting home prices — roused a buzz within the investor community about bargains galore and bulk purchases.

Some sprawling subdivisions and towering condo buildings, spawned during the fever-pitch housing boom, years later contain more vacant units than occupied ones — some were never sold; others were sold and soon after ended up in foreclosure.