Housing Bubble 2: Return of the Ugly

Since this is investment companies, they probably do the numbers and come up with a price that is so low they are sure they can flip it for more than that. The current owners maybe can't afford repairs and are financially/emotionally desperate and in a bad negotiating position.

Probably these companies are making terrible offers to as many people as they can. I don't live in Florida, but I've gotten letters that I assume are from companies like this trying to start a discussion about selling, I guess they are fishing with a very broad net for people willing to accept very low prices.