Foreclosure Sales Strategy Aims to Give Owners an Edge Over Investors

Allen, Mike
September 2010
San Diego Business Journal;9/20/2010, Vol. 31 Issue 38, p6
The article reports on the impact of home foreclosures in California on real estate firm New Vista Asset Management owned by Jim Park and Gary Acosta. According to their prediction, the trend will continue to increase in the year and it will be beneficial to their company since the portfolios of houses that they will manage will increase as well. It notes that the company already sold 8,146 foreclosed properties since April 2009 which amounted to more than one billion dollars.


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