You then collect information from the note holder such as the sale price, down payment, note amount, interest rate, term, date of first payment, number of payments made, number of payments remaining, current balance, property type, address, owner occupied or not?

Instead of providing liquidity to private and corporate borrowers as the central banks would like to see, banks have taken the opportunity to repair their balance sheets.

Hedge funds handle a lot of a Bank's derivatives, which are supposed to be equally balanced as short/long bets on the same issues/indexes, leaving some room to swing in favorable directions as the pendulum merits.

How many Lemmings have 20K in available mastercard balance to buy their "product".

I get out completely whole, loan balance of about $127K.The cash cow part that I'll miss, in addition to the 9 1/2% that I was making was the $109/month in late charges.

Keep in mind these mortgages are much higher balances, have a higher percentage of non owner occupied AND reset MUCH harder than for example a 2/28 ARM.

If for some reason you find an in to purchase directly, expect to pay more because all the bank will have to go by is the fcl sale bid, or unpaid balance.

Balance out the pros and cons.

What are the typical problems and issues that may arrive if by so chance that through a quick title search that there is an outstanding balance?

There is only something like 2.8 months supply on market where 6 months is considered balanced.