Is it time to invest in foreclosures?

The housing crash has spawned a rebound that

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has taken hold with a vengeance in some cities. A flood of investors are snapping up foreclosure properties, rehabbing them, then renting them out. And they

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aren’t just individuals. Private equity firms and other institutional buyers – who once would have bought apartment buildings – are scooping up thousands of single-family homes that they plan to fix up and put on the rental market. Some of them plan to create real estate investment trusts (REITs) and sell shares to the public.

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