Taking advantage of the foreclosed home glut, it would appear unnamed overseas entities are attempting to gain a foothold, not just in our economy, but soon in our neighborhoods. There's a new land grab starting in America. Foreign money, which up to now has focused its attention on investing in iconic commercial real estate - like Barneys New York and the Chrysler Building - is now moving to scoop up tens of thousands of discounted foreclosed homes across the country. This has an ominous feel to it.