Your Loss Is Their Gain
Category: Everyday it rains
By Bryan Carlin on April 06, 2009

Proving that there’s always cash to be in other’s misery, the NY Times has a review of a Palm Desert, CA conference for R.E.O (“real estate owned”) opportunists. Basically, an industry gathering of how to buy and profit from foreclosures, bank-owned properties, short sales and other discounted properties vacated by their (former) owners. 

Included in the weekend conference were courses on how to evict tenants and how to care for abandoned pets. Sadly, the earthquake in Italy this weekend occurred about 8,000 miles to the east.
Source: NY TIMES



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