1 Articles match "Cleveland","Electronic","Foreclosures"

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New York Versus Freddie Mac: Round One
An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. Such investors are essentially buyers of IOUs secured by real estate, IOUs which hopefully will yield a given level of interest and never require a foreclosure. These securities are like stock; they can be sold and re-sold worldwide with electronic speed. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
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  • New York Versus Freddie Mac: Round One
    An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. Such investors are essentially buyers of IOUs secured by real estate, IOUs which hopefully will yield a given level of interest and never require a foreclosure. These securities are like stock; they can be sold and re-sold worldwide with electronic speed. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE