Lenders start marketing distressed loans on the Web

04/27/2009 | NYTimes.com

A brisk trade is starting to develop in the marketing of distressed bank loans secured by commercial properties, land and single-family houses, on the Internet. Kingsley Greenland, the president of one of the leading online marketers of distressed loans, DebtX, said that suddenly "it's in vogue to want to buy distressed assets."

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