Tips For Buying Distressed Mortgage Loans

Law360, New York (March 24, 2011, 1:33 PM EDT) -- The recession has created a market of lenders wishing to sell distressed mortgage loans because they want them off their books, and buyers, usually with cash, wishing to purchase the loans at a discount, which they hope will lead to a nice return on their investment. These loan purchases involve many legal and business issues, and buyers of distressed mortgage loans should consider, at minimum, the following issues as to the loans and the mortgaged property.

Diligence

Loan Documents

Because the mortgage loans being purchased are...
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