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Any US equivalent foreclosure investment exist in Australia

Discussion in 'Innovative Techniques' started by flosed, 15th Apr, 2016.

  1. flosed

    flosed Member

    Joined:
    19th Feb, 2016
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    Location:
    Sydney
    Not sure I can explain it clearly .

    If I remember correctly In US, when a property goes to default, lender will sell the foreclosure to the investor . Only goes to auction if no one interested. The investor will get fixed interest until the owner catch up. Or if owner give up, you got the property.

    I can't see this product in Australia.

    Like credit default swap finance product if you working in finance industry.

    Thanks!
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
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    9,033
    Location:
    Sydney
    Nope