Selling Mortgage - Posted by Greg Schultz

Posted by Greg Schultz on August 27, 2001 at 23:07:35:

Hey…thanks for the info JT

Greg

Selling Mortgage - Posted by Greg Schultz

Posted by Greg Schultz on August 27, 2001 at 18:51:21:

If a seller holds a private mortgage that has a really bad payment record but was not foreclosed on, how much would it be discounted if h/she wanted to sell it to a note buyer?

Thank you
Greg

A Bunch… - Posted by JT - IN

Posted by JT - IN on August 27, 2001 at 21:47:34:

Depending upon the underlying security instrument, and a number of other factors, you might be lucky to get between 30 and 50 cents on the dollar. Sorry for the bad news!

JT - IN