Quite frankly,, that’s what I’d like to know too!!
I have been aware of “bulk purchases” by large institutions that were buying hundreds of loans at a time for lenders to clear their books, but we’re talking into the tens of millions of dollars at a time, and they had to take the good with the bad.
Before posting this, I had never seen a story on an individual that could pick and choose single loans at anywhere near 20c on the dollar.
This seems to good to be true…
Perhaps someone knows this guy around town ??
Seeme like there would be more than he can handle.
I would think that calling a lender and saying that I want to buy a few non performing loans for 20c on the dollar would get laughed at BUT what do I know….
