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Expert Analyses of the following article:

Firms battle over realty debt

Source: www.pionline.com
August 6, 2008
Debt is Trading at Big Discounts
Author: GLG Expert Contributor
We are located in California and deal daily with banks and investors on distress debt.  Whole loan are trading at deep discounts, particularly those in pre-foreclosure stage prior to trustee sale and perhaps in the threat of bankruptcy.  We have seen several defaulted whole loan transactions in the .30 cents on the dollar range from the original 1st Trust Deed amount.

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