Tulsa, Okla.-based Williams Merchant Group (WMG) has posted a regional-bank pool of 20 nonperforming residential mortgage loans.
The pool has assets located in seven states: California, Florida, Georgia, Nevada, Missouri, New York and Illinois. The average principal balance of the loan pool is $301,322.
WMG, an affiliate of auction Williams & Williams and a buyer and seller of bulk real estate portfolios, says the seller is willing to consider financing the pool, as well as providing the potential for buyers to purchase the notes individually. Final bids for the pool of assets are due Nov. 23.
SOURCE: Williams Merchant Group