Vulture Funds start to deal with debt legacy

Is this the start of a move by Vulture Funds to address legacy debt issues for some homeowners.

The devil will be in the detail as homeowners receiving these offers will have to overcome a major hurdle in order to gain access to funds through a new lender.

Interesting times!

http://www.independent.ie/business/personal-finance/property-mortgages/homeowners-could-see-160k-written-off-mortgage-as-vulture-fund-offers-huge-discount-35419888.html

Source – Irish Independent 03/02/2017