2008-11-03 — ml-implode.com
``A good friend who specializes in distressed real estate assets such as notes and REO just bought 27 second mortgages with a face value of $2,153,400 million for $2400 - that’s TWO THOUSAND FOUR HUNDRED DOLLARS.''
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Comments:
ProHobo at 05:28 2008-11-05 said:
Does he know the difference between 1st and 2nd? Why do you think it sold for a penny on the dollar? Sit through some foreclosure auctions and then come back and let us know how many seconds got anything! I think the guy just blew $2400 - should of purchased some lottery tickets instead. Remember 1st comes before 2nd! Permalinkadd a comment | go to forum thread
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