IRVINE, Calif., Aug. 11, 2021 /PRNewswire/ — Revolve Capital, a private equity firm that focuses on purchasing, managing, and selling distressed real estate notes, has announced the purchase of a $29.3M 1st lien non-performing residential mortgage portfolio. The portfolio was acquired from a Tier 1 Real Estate Fund and brokered by one of the top U.S. banks. The delinquent mortgages are located in 20 different states throughout the U.S., spanning from Washington State, to New York, and Florida.
According to Revolve Capital CEO Chaz Guinn, the majority of the mortgages are greater than three years delinquent on payments, and some are as many as five years delinquent. The average home value is $390,000, while the average mortgage balance is $350,000.
To continue reading the rest of the article, please click on the source link below:
https://www.prnewswire.com/news-releases/revolve-capital-group-announces-purchase-of-29-3m-non-performing-residential-mortgage-portfolio-301353009.html
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
