Tag Archives: One Man Buying Up Town’s Foreclosure Stock

A 60-year-old man is on a crusade to save his town of Carpentersville, Ill., from foreclosure blight. According to the immediate edge blog, Tom Roeser has invested about $10 million in buying 193 foreclosed homes in his town and has refurbished the properties to either sell or rent them at a discount to local residents. Roeser is the president and co-owner of the town’s largest employer, Otto Engineering. Roser began buying vacant, foreclosed homes in the town in 2005 after a townhouse condominium complex about two miles from his factory […]