http://www.breitbart.com/Big-Government/....

The plan is to create large pools of foreclosed homes, known as REOs (real estate owned), currently held by Fannie Mae, that will be sold off to venture capital firms and banks at rates that are highly discounted from their real value. These entities would then be required to hold these homes for a specified period, likely ten years or more, while they rent them out at market rates: a lucrative growth industry, as each day more home owners are converted into renters by these same foreclosures

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already happening... wholesale buying on the condo side.. on the SFR side is a little more difficult to manage...but there are funds buying in bulk and then rental them out also.

10 years? If the owners hold, maintain, and pay taxes on such properties in Texas, they have pretty much met the tests for adverse possession. The banks can then go to court for quiet title determinations.

I've been helping someone trying to buy a "bargain" in Phoenix/Mesa area. I thought we might have a shot at one townhouse complex that had 15 units for sale at "reduced" prices. Next day none for sale. Only a couple of others have since trickled back into the market about $30-$40,000 above those prices and are quickly snapped up......all because of the pent up demand of prospective homeowners I'm sure. With ZIRP firmly in place, I'm sure the yield will look fantastic to the future investors who will own these. The real question remaining to be answered is "where will all the renters come from who can pay rent that will be about double what the mortgage was?" 2 or 3 families per unit...that would help.

The only good price on this real estate is about 10 cents on the dollar. Other wise you will probably lose money on these deals. Boomers are getting older and selling. New 20 somethings are loaded up with debt from college and can not find a job. This trend is just going to get worse.