Leave us a comment on facebook. There is a huge change in many neighborhoods across the country. Maybe yours. Big investors are buying up foreclosed homes in distressed communities as fast as they can and turning them into rental homes. Its creating whats being called a buy to respect industry. Some levels say the big Financial Firms have bought so many homes, its driving up prices. To check that out, we traveled to guinnette county, georgia. That metro area has the second highest percentage of homes bought by investors after tucson. Our story by David Shuster began at a foreclose auction. Its like a feeding frenzy. The first tuesday of every month, this is the siege on the steps of the g. W. Innette county courthouse in georgia. 86,000. Hundreds of Distressed Properties sold in the blink of an eye. Sold. 86,000. Its all very exciting, somewhat like herding cats. They will do this one next. Rice bennetts first time. They were hoe hoping to buy a home on the cheap but he wasnt expecting
Prime Miles Per Hour sisters and prisoners has died at age 74. But first, the arab league is meeting in cairo to talk about how best to respond to the suspected Chemical Attacks in syria. United nations chemical weapons inspectors have started analyzing evidence they gathered from the sites of the attacks in damascus. U. S. President obama said he will seek approval from congress before ordering any military intervention but that could be in less than two weeks. Sue turton is cairo for us. Sue, over to you. Reporter yes, i am at the Arab League Headquarters where we have already had a meeting of the acbassador to the 22 Member States here to discuss the real discussions this afternoon when they start to talk about syria. We are hearing from the Libyan Foreign minister who is saying anything they discuss must be on International Law and not be in line with International Law. Its not seeing that there is going to be any kind of green light really given to a backing of the u. S. Military