Banks are boosting efforts to sell distressed US home loans, according to two buyers of the debt. Lenders have sought bids on about $10bn of troubled mortgages in recent months, more than in all of 2008 and 2009, and probably disposed of about $3bn of those, Jon Daurio, chief executive officer of Kondaur Capital Corp., said Monday during a panel discussion at the Mortgage Bankers Association conference in New York.
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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.