FLORIDA – Here’s another way homeowners got a raw deal during the housing bust
Article Courtesy of The Miami Herald
By Nicholas Nehemas
Published July 20, 2016
Add it to the list of how the little guy got a raw deal during the housing bust.
Homes that were foreclosed during the bust gained back value at a much higher rate than other homes, according to research from real estate website Zillow — but their former owners didn’t enjoy the profits during the recovery. Instead, the money went to hedge funds, home flippers and investors who snapped up distressed properties on the cheap from banks. Read more: