Why Banks Decided to Sell off Non-performing Mortgage Notes and Bulk REO
Bulk REO Video Training
When a property is not yielding income it has dire consequences for the lenders and the general economy as well. Non-performing mortgages limit lenders borrowing power by up to 900% in many cases. If the property in question is defaulted on, leaving $100,000 owed, the mortgage lender is hindered from borrowing up [...]
