The financial crisis has created some great investment opportunities buying distressed mortgages off banks. The glut of nonperforming loans and bank failures has caused numerous lenders to sell off mortgage assets at deep discounts. This article will provide an overview of the distressed debt industry and various investment opportunities.
With the increase of foreclosures in recent years banks have an increasing need for liquidity. Most banks are not equipped to deal with non performing loans and do not have the staff or flexibility to work out loan modifications. Additionally, many failed banks and and mortgage back securities need to be liquidated creating more distressed mortgage pools for sale.
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