Foreigners Eye Florida
Monday, January 21, 2008
Foreign investors increasingly are interested in purchasing vacation homes in Florida and elsewhere in the Southeast, according to Tampa-based Fast Home Auction Inc. The company – which alerts investors to online auctions of foreclosed homes via weekly e-mail – says Belgium, Britain, Canada, France and Germany have the most interested investors. According to Fast Home Auction CEO Jim Case, REO asset managers might find the weak dollar to be “a blessing.”
Source: American Banker (12/18/07) P. 9; Berry, Kate© Copyright 2007 INFORMATION, INC. Bethesda, MD (301) 215-4688
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