Effects of foreclosure freeze: Sales dry up, investors turn cautious

Stubborn distressed homeowners. Possible legal wrangling. Skeptical secondary post-flip buyers. These are now all major concerns for cash-laden real estate investors who were snatching up foreclosed homes from banks, renovating and then re-selling them for profits several weeks later, according to CNN.com. What happened? Several major banks recently put the “freeze” on foreclosure sales to...