2008-11-03ml-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.''



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! Permalink

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