(Mark Your Calendars: RealShare DistressedAssets convenes in Dallas on May 3 & 4.)

NEW YORK CITY-After hearing billionaire investor Warren Buffettsay “buying residential homes right now is the single bestinvestment opportunity in the US,” Carlton Groupchairman Howard L. Michaels took action—and fast.Now, in an effort to capitalize on distressedassets in the market, the company is launching a newwebsite devoted to the sale of performing, sub and non-performingresidential real estate loans and REO, GlobeSt.com has learnedexclusively.

The site, called “CarltonResidential,” will offer financial institutions theability to sell large amounts of defaulted residential loans toinvestors, according to a release from Carlton. Designed incompetitive bidding format, the website is set up for banks to sellindividual houses on a retail basis to homebuyers, giving buyersaccess to information and portfolios in a real-time format.