Friday, July 03, 2009

Opportunities Abound for Loan Buyers

There are plenty of ways to make money if you want to buy loans on the cheap. The FDIC sells loans from banks in receivership, many times at substantial discounts to book value. FDIC has sold 309 loans during the period starting 1/1/09 and ending 5/29/09. Here's a summary on the first 100 loans of the year:

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