What To Consider In Buying Home Mortgage Loans

Law360, New York (August 13, 2008, 12:00 AM EDT) -- The residential mortgage market has suffered significant disruption over the past year in connection with the subprime crisis.

Levels of delinquencies and foreclosures continue to increase and show no signs of abatement.

Many new market participants are attempting to take advantage of this situation by purchasing performing and nonperforming residential mortgage loans at distressed prices. The following article discusses various issues in connection with such purchases.

Due Diligence

A purchaser should perform due diligence with respect to each asset considered for purchase.

As further described below,...
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