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Debt Collectors Eye Mortgage Loans, Can’t Reach Agreement with Banks
09.26.2012
Official debt collectors are shifting focus from consumer loans and bills to the market of troubled mortgage loans, which are a bigger business and come with a much higher recovery. They are willing to pay as much as 25% of the collateral value but banks want at least 50%, because they are negotiating over “good” collateral, such as homes in Bucharest and county seats.
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