Foreclosures in Oakland, Calif., are attracting the attention of investors who want to acquire homes in bulk after the collapse of the local real estate market.
The San Francisco Chronicle released a report highlighting the activities of a 38-year-old investor who launched a company to acquire distressed homes throughout the city. The Urban Strategies Council says real estate investors have purchased 42% of the 10,000-plus Oakland homes that went into foreclosure over the past four years.
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