Buy your debts here.Loan holders such as banks, private note brokers, credit unions, non-credit grantors, mortgage bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , thrifts, local governments and municipalities now have an online resource available for buying and selling debt portfolios. DebtOutlet.com has created a professional auction site where any individual can sell his/her owner held mortgages to the very large institutions with just the click of a mouse. Buying and selling debt portfolios has been simplified with the secure, Internet-based auction provided by DebtOutlet.com. Unlimited free postings are available for every type of note and membership is also free. The auction service may be used to compliment new originations or as the sole source for purchasing debt and loans from the secondary market. DebtOutlet.com enables buyers to increase portfolio returns, manage portfolio diversification Portfolio diversification Investing in different asset classes and in securities of many issuers in an attempt to reduce overall investment risk and to avoid damaging a portfolio's performance by the poor performance of a single security, industry, (or country). and to opportunistically acquire sub or non-performing loans A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms. from sellers with a more conservative risk/reward profile. Auction categories available: Annuity/settlements, prizes and awards buyouts; Consumer contracts, loans and debts; Judgments, charity, fees and revenue streams; Real estate debt, institutional and privately held; Tax liens Tax Lien A claim imposed by the federal government to liquidate a persons property until owing tax and debt is fully paid. Notes: Tax liens can be purchased from the government in the form of an investment. ; Venture capital and asset-based lending Asset-Based Lending A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also known as "commercial finance" or "asset-based financing". debt; Viaticals (death benefit buyouts); Consumer collectible debt; Government payouts and contracts. |
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