Lenders Warming To Idea Of Bulk Sales As Way To Unload Foreclosed Inventory

The Wall Street Journal reports:

• As the glut of foreclosed homes swells, banks and other lenders are starting to warm to the idea of selling some of the homes in bulk to investors, a departure from the practice of selling homes one at a time.

• For the past year, investors have been eager to buy large numbers of homes from lenders at knockdown prices. Lenders have generally resisted that idea, but now some are trying it out on a small scale.

For more, see Lenders Tiptoe Into Bulk Sales (Glut of Foreclosed Homes Spurs Some Trial Runs) (may require subscription; if no subscription, go here - then click link for story).