The Perfect Storm For The Assignment of Mortgage Note:
Over the last year we have seen foreclosures hit an all-time high in the U.S. This means there are a ton of sellers out there willing to do whatever it takes to keep from getting foreclosed on as well.
Nearly 22.5% of homeowners have negative equity in their home. This means they would have to PAY to sell their homes.
Banks have greatly tightened lending guidelines. This means that there are tons of would be buyers out there that don’t qualify for traditional mortgages...
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