HEDGE FUNDS PLAY HARDBALL IN MORTGAGE GAME

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Homeowners who end up unable to pay their mortgage may soon see their homes taken over by a surprising new player in the field: hedge fund firms. According to The New York Times, banks have sold over 100,000 delinquent mortgages to private equity and hedge fund companies, who restructure these loans—through modifications or foreclosures—in an effort to resell them and turn a profit.

Yet while some hedge funds are being praised for their creative solutions for struggling homeowners, others have been branded bullies—quickly pushing homes into foreclosure and showing less flexibility than banks when negotiating modifications so homeowners can hang onto their property.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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