Foreclosure Flip and Win: “The 40 Thieves” Ride Again

CNBC’s Diana Olick reports on what we’ve been hearing will be a burgeoning investment practice once bargain hunters get convinced they’ll be able to move their bargains up the purchase foodchain.

This CNBC report — 40 Thieves & Your Home – first takes a look back to a California housing crash in the 1970s at  an investor vigilante group that would outbid banks by a nose on some foreclosure auctions, and subsequently sell the property below market but for a profit after a quick fix up.


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February 28, 2009 | Filed Under Financial Crisis 

Comments

One Response to “Foreclosure Flip and Win: “The 40 Thieves” Ride Again”

  1. Foreclosure Plan on May 3rd, 2009 9:13 pm

    Good post! Found it doing a quick blog search about foreclosure info. Subscribed! Mark

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