Tom Roeser Buys Up Towns Foreclosure Stock to Keep It Thriving | AOL Real Estate

 

Tom Roeser is on a one-man mission to save Carpentersville, Ill., from falling into the fate of so many post-industrial Midwestern towns, where neighborhoods have become littered with vacant, foreclosed homes. Over the past several years, the 60-year-old president and co-owner of the town’s largest employer, a maker of switches and communications gear called Otto Engineering, has bought 193 foreclosed homes, completely rehabilitated them and is either selling or renting them at a discount to local residents.

Tom Roeser Buys Up Towns Foreclosure Stock to Keep It Thriving | AOL Real Estate.

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