Why does Scott Carson say (correct if if I'm wrong) ...

[Sean Mcintire]

that he never pays more than 30-40 cents on the $ for a CFD?

The strike prices I consistently see on my tapes are 2 -3 times that!

How does he get that?

Are they all bought in a massive bulk/traunch?

Thanks.

-Sean McIntire

[Chris Seveney]

@Sean Mcintire

If they are at 80%+ then most likely they are performing or have a ton of equity and borrower is years behind.

For CFD's that are non performing you will see pricing between 30-55%. If it's greater than that then pass as there are plenty of non performing CFD's you can buy in that range.

The greater the discount typically the greater the risk. That needs to be factored into your overall plan.