Reuters: Who's Buying Distressed Debt - And Why [View article]
Under what circumstances would the world come to an end? Home prices in the worst markets are down 25-30%. 50% default + 50% paid off + whatever interest is earned = 85 cents on the dollar.
The companies that buy the distressed debt and avoid the fraudulent garbage are going to make out like crazy!
Reuters: Who's Buying Distressed Debt - And Why [View article]
The companies that buy the distressed debt and avoid the fraudulent garbage are going to make out like crazy!