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.
Reuters: Who's Buying Distressed Debt - And Why [View article]
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.