Notes: Foreclosures and 2008 Subprime Mortgage Crisis
As I start my journey researching, learning, and investing in notes 2 quick questions come to mind.
1. What are the ramifications should you own the note, aren't able to modify it/get it performing again, can't get the deed in lieu, only left with starting the foreclosure process, and during the process the occupant declares bankruptcy?
2. How did the 2008 Subprime Mortgage Crisis affect Note Investing, whether buying, selling, or your inventory on hand if you were carrying notes at the time?
Thank You in Advance for any and all your responses....
Chavel