New Content from The Paper Source
Published: Thu, 03/13/14
- Home Sales Held Hostage by Junior Lien Holders - 2014-03-13 13:17:34-04
Tom Axon’s mortgage-collection firm gets about 25 calls a day from delinquent homeowners’ brokers seeking approval to sell their houses for a loss and avoid foreclosure. We’ll help, his staff tells them, as long as we get paid enough. Axon, working with co-investors, buys distressed U.S. home- equity loans and other junior real estate liens, often for […]