Homeowners' Losses, Investors' Gains

As the number of home foreclosures jumped in Prince William County this year, investors snapped up the foreclosed units at bargain prices, renting many for more than their monthly mortgage payments and hoping for big profits when the market recovers.

SOURCE: Northern Virginia Association of Realtors, Prince William Countyland records | GRAPHIC: The Washington Post - October 17, 2008

This Story Foreclosures, Falling Prices Spur Pr. William Home Sales Article \| Freewheeling American capitalism may be falling out of fashion on Wall Street, but in the western suburbs of Northern Virginia, it is driving one of the greatest home-buying sprees the region has ever seen. Interactive: Homebuyers Quiz Homeowners' Losses, Investors' Gains		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace del.icio.us NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
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