American Home Mortgage's new chapter ...

American Home Mortgage's new chapter opens in bankruptcy court

There are 2 comments on the Newsday story from Jul 2, 2008, titled American Home Mortgage's new chapter opens in bankruptcy court. In it, Newsday reports that:

American Home Mortgage's new chapter starts Tuesday in bankruptcy court in Wilmington, Del.

Join the discussion below, or Read more at Newsday.

bill

Gaithersburg, MD

#1 Jul 23, 2008
what if you have a loan with ahm and they dont get anyone to purchase their portfolio ,
NYStateOfMind

Ridgewood, NY

#2 Jul 23, 2008
bill wrote:
what if you have a loan with ahm and they dont get anyone to purchase their portfolio ,
The loan is considered an asset for AHM. Wilbur Ross' company is provides the financing to complete the bankrupcy process. He will have first option to purchase any appreciable assets (i.e. portfolios) at cents on the dollar...

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