NY Times reports homebuyers have trouble competing with investors for foreclosed homes

Posted on December 13, 2009

This NY Times report on Sunday, December 13, 2009, recounts the difficulties owner occupant buyers have in outbidding "vulture" investors.  Quoting a number of experts, including Barry Zigas, the story also mentions efforts like Fannie Mae's to offer foreclosed property first to owner-occupants.