Thursday, March 5, 2009

Buying Defaulted Mortgages - One Exit Strategy is Not Enough

by Dean Engle During a conversation the other day, a new Note Buyer told me that he decided to start investing in buying defaulted mortgages. He had been wholesaling properties for a very long time prior to this. The thing that worried me was when he made the following statement. He told me that the reason why he was getting into the business of buying defaulted mortgages was not only for some good cash flow, but also to keep people in their houses. I do admit that Humanity counts, don't

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