Bidders Get Feisty Over Foreclosed Homes

For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.

Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids.

With few houses available and many bidders chasing these properties, she feels she has, at most, an hour to consider each house.

“Some of these houses that I’ve offered on, I haven’t even actually seen,” she says. “If my husband can’t go by it, I’ll just make an offer on it. If I haven’t seen pictures of it, I’ll just make the offer on it.”

via Bidders Get Feisty Over Foreclosed Homes.