Never before have businessmen intending to buy or sell distressed loan portfolios been able to use just a single dedicated market. Now this has begun to change due to the creation of a company designed for one purpose - for dealing in portfolios through a bidding process, using Internet technology along the lines of the highly successful Ebay…
Though in many ways with the possibilities of current technology it looks like a simple gambit, before now the sale of subprime auto loan portfolios had had to take place across multiple marketplaces with no single outlet. Now, a firm using the Ebay auction principle has emerged and set out to revolutionize the model, approaching portfolio purchasing using a state-of-the-art outlook…
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