Foreclosure Game

In Financial Advisor, September 2008, Benjamin Tobias was quoted in the article Foreclosure Game by Gail Liberman.  Many investors are looking into purchasing real estate in foreclosure or through short sales as housing values have dropped significantly in recent years.  Some properties have seen drops of 30% to 55% below their peak retail value.  Ben counseled many clients against the risky practice of flipping properties during the real estate boom.  After the drop in value, Ben still thinks flipping is risky but “If you’re still interested in (buying), now may be the time- especially rental property.”

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