Posted by Melissa Cichantek on 8/15/16 8:30 AM
When borrowers stop making monthly mortgage payments, banks and other investors need to make some important decisions. While many people are familiar with foreclosure, they may not be aware of the suite of alternative options.
Investors can save money by selling their distressed assets through these alternative channels—and still provide borrowers with a dignified exit from the property.
Read our Mortgage Finance Team's new white paper ("Optimizing the Disposition of Distressed Single-Family Mortgages") and learn more about disposition channels for investors with distressed assets:
- Short sales/pre-foreclosure sales (PFS)
- Deed-in-lieu/mortgage release (DIL)
- Third-party sale (TPS)
- Nonperforming-loan sales (NPL)