Reuters: Who's Buying Distressed Debt - And Why [View article]
If the individual mortgages can have a "due on sale" clause, preventing the homeowner from letting someone assume them, There should also be a clause giving the borrower the right to purchase the loan.
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If the individual mortgages can have a "due on sale" clause, preventing the homeowner from letting someone assume them,
Aug 08 13:50 pm
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All Comments by Augustus »Reuters: Who's Buying Distressed Debt - And Why [View article]
There should also be a clause giving the borrower the right to purchase the loan.