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Wall Street Turn Their Backs On Wacky Sub-Prime Loan Originators As Foreclosures Explode The lending term populating portfolio buy/sell agreements to package and sell loans into the secondary market to Wall Street investor groups is has the term “sold with recourse”. As the loan goes bad, some before the first payment is made; many lenders are being asked to buyback bad loans per portfolio selling contract. Only problem, many of the wholesale sub-prime (higher risk loans) mortgage originators are being forced out of the business. Auctions Are Coming Back As A Vehicle To Move Property In A Slow Market The property has been on the market for nine months and even with several price reductions, no bites no offers, no sale. There is a situation that many sellers in the U.S. are facing. After offers of paying a buyer closing cost and even holding a second mortgage combined with multiple price reductions and still nothing has even come close to a looking like a sale then it may be time to look at the tried and true way to move property, auctions. Sell Real Estate FAST With A "Seller Second" The solution to the real estate slowdown is not to be found in 'price reductions'. The solution can be found through offering 'terms'. The 'terms' that may be the solution come in the form of a 'seller held second mortgage'.