Posts Tagged ‘cash for keys’

Profiting From The Economic Collapse: Kondaur Capital

 

foreclosure sale

I originally found out about Kondaur Capital  when I read this article about how Wall Street is planning on creating securities of delinquent mortgages to sell to investors.  It made me curious about the company and so I did some digging around and what I found out isn’t pretty.

Kondaur  is a debt collector who specializes in purchasing delinquent mortgages on residential property.  There is apparently a market for “bad paper” because servicers and lenders are overwhelmed with delinquent mortgages right now. Some are willing to sell off some of the notes they hold for a few for pennies on the dollar in order to get them off their books.

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