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Foreclosed US properties offer investment opportunities

Most people would find little value in buying portfolios of foreclosed residential property in the US. Chris Ryan, chief operating officer of Merrick Road Properties, disagrees

EE 4G hits more towns and cities

He sees residential real estate simply as non-performing assets. The foreclosure process he believes is at the "epicentre of what we are experiencing in the economy".

Despite the economic downturn there is still a strong residential market in the US with five million homes already bought and sold this year. Over half of these transactions have been the sale of foreclosed homes.

Ryan says the

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