How Securitized Mortgage Loans Affect Short Sale Negotiation...
For so many Southern California homeowners who are upside down on their homes, they maybe forced to sell for less than what the house is worth (short-sale). This process called short sale negotiation can be very difficult to understand if you do not understand the secondary market of mortgage finance.
Just keep in mind most mortgages are originated or made with intent to be pooled with other mortgages and sold to large institutional investors such as pension funds, hedge funds, banks, etc. etc.
The mortgage pools are often referred to as Collateralized Debt Obligations or CDOs. for short.
Follow along, as Jeff to explains in laymen terms
www.ShortSalesBuyers.com
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