Buying Bad Mortgage Assets

Anthony Mason reports, that some investors are buying the toxic mortgage loans that many banking institutes are actively looking to unload. Millions of Americans have been searching for bad credit bank loans in an effort to protect them from foreclosure.

Because the investors are buying the mortgage for 40% of the current market value, they are able to reduce the struggling homeowner’s payments because they are getting just discounted prices. Many real estate evaluators believe that this radical approach may be the best solution to stop the housing crisis and the subprime mortgage mess.

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