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Ask Curbed: Foreclosures As Rentals?

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"I've been looking at apartment ads on Craigslist lately and the listings have been flooded with ads from a company purporting to offer foreclosed houses for rent at seemingly ridiculous rates (4 bedroom house for $1290 per month, for example). They all seem to be placed by one company and it has a distinct Eau de Scam about it. I don't call the 800 number myself to satisfy my curiosity because it would make me feel, you know, stupid, and I worry I will wind up laundering money for a Nigerian prince. Does anybody know exactly what's going on with this?" Here's one listing and one company that seems to be all over Craigslist.