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Loan Modification

: Loan Modification & Home Loan News

Rise of eBay-style auctions of nonperforming loans

By Moe Bedard

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The Painesville family is swept up in a new phenomenon: the rise of eBay-style auctions of nonperforming loans, a wrinkle in the way some lenders are trying to deal with nonperforming loans. Ads in local newspapers teased the online auction of the family’s loan along with 40 other nonperforming loans and more than 40 foreclosed [...]

Full post as published by Loan Modification & Home Loan News on July 12, 2010 (boomark / email).

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