Posts on ‘June 10th, 2009’

Why Lenders Sell Bulk REO and Non-Performing Mortgage Notes

Bulk REO Video Training

Defaulted mortgages create a backlash whose effects are felt by not only the lenders, but the economy as a whole suffers as well.  A bank’s ability to borrow is negatively effected by around 900% when a mortgage defaults.  For instance, if a loan of $100,000 is in default, the lender is forbidden [...]