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Zillow, Inc. Message Board

  • fattymcbutterpants2001 fattymcbutterpants2001 Apr 22, 2013 3:17 PM Flag

    With professional hitmen bidding on every available single family home....

    How does the little-guy have a chance.....???
    This is from Bloomberg....there are several of these well-funded guys trolling around the real estate market. His team could very-well be the ones that outbid you for that home you wanted.

    Mullen, 54, has raised almost $1 billion to buy single- family houses to rent since leaving Goldman Sachs last year as head of global credit and mortgages, five years after overseeing the bank’s bet against the imploding subprime home-loan market. His Fundamental REO LLC has already purchased or is close to acquiring almost 2,500 properties through foreclosure auctions, government agencies and even an Arizona non-profit that promotes affordable-home ownership, property records show.

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