Foreclosure in Brooklyn Heights : Questions & Answers

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Ron Lee, Real Estate Pro in Portland, OR
Ron Lee answered:
When a subprime mortgage packaged into a CDO goes into default, who gets the proceeds from foreclosure?
A CDO is a Collateralized Debt Obligation so whoever holds that investment unless it was insured in such a case the insurer.
0 votes Share Flag Fri Aug 23, 2013 Foreclosure in Brooklyn Heights
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