Banks Warming to the idea of Selling in Bulk

Banks and other lenders are starting to warm to the idea of selling some foreclosed properties in bulk to investors, a departure from the practice of selling homes one at a time. In the past six months, Wells Fargo has completed half a dozen bulk sales of foreclosed properties, though officials say the lender expects to keep selling most of the homes one by one through local real estate agents.

( filed under: National )