Michael Nierenberg is a skilled entrepreneur in the real estate sector. He often shares his insight regarding how to make significant acquisitions in real estate. Recently, he published an article on Medium, discussing foreclosure and challenges involved in the mortgage business of procurement. He also pointed to viable solutions. He said that foreclosure entails the forced sale of a person’s or a company’s asset so that a lender can recover the loaned amount of money to a borrower who stopped making payments. However, foreclosures also entail a broad range of challenges or problems.
In recent circumstances, there have been alternative strategies, including residential loan modifications that investors prefer. Nonetheless, foreclosure is always done to no one’s benefit. Mortgage owners lose approximately 50 percent of their investment in such instances. Regardless of the controversial issues of foreclosures, it’s been a prominent element of the market’s credit crisis that dates back to 2007.
Michael Nierenberg currently works at New Residential Investment Corp. He is not only the CEO but GM, who oversees significant operations. He offers insight regarding different marketing issues in the real estate sector and provides solutions to them. Michael Nierenberg first served at Global Mortgages. He held an executive position.