Real estate recessions have proven to both break and make great fortunes. Banks, the FDIC, and CMBS servicers hold more than $140 billion in troubled loans, and that number is growing. Many investors are seeing that $140 billion problem as a real opportunity to buy defaulted loans at a deep discount in order to acquire the underlying real estate. Manatt partners Clayton B. Gantz, Tom Muller and Steve Edwards recently spoke with GlobeSt.com about buying a loan to own, how to account for the risks and how to know what you are buying.
Read the article at GlobeSt.com.
August 30, 2010
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