DebtX, a Boston-based loan sale adviser, has announced the forthcoming sale of more than $292 million of nonperforming residential real estate loans. The portfolio, to be offered in 19 separate pools, contains $100 million of loans on properties in Florida, $40 million in California, $26 million in Massachusetts, $16 million in Arizona, and $16 million in Nevada, DebtX said. The vast majority (95%) are adjustable-rate loans, and 95% of the properties are occupied by the owner, the company said. The loans will be sold Sept. 18. DebtX can be found online at http://www.debtx.com.
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