Bank strategy will lead to more investment properties in Memphis

Posted by Chris Clothier on Fri, Jul 24, 2009

I have to admit, I was completely new to the term "extend and pretend" when I first heard it a couple of weeks back.  The investment real estate market, especially here in Memphis, TN. has been helped along by this strategy but also hampered by it. I was reading an article in my local newspaper and was shocked at what I read.  I was so dumbfounded after reading the article that I had to do some research on it before commenting here. 

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Topics: invest in Memphis real estate, Chris Clothier, residential real estate investing, shadow inventory