Allan Saundersonis managing editor of PropertyFinance Europe and a contributor to

MADRID-The Boston-based internet marketplace for loan tradingDebtX is opening an office in Madrid to exploit a growing demandfrom Spanish banks for a greater variety of options in real estateloans and property asset foreclosures (REO) amid the harshrecession.

DebtX has been working with financial institutions in Spain fortwo years, and opened the Madrid office to meet growing demand fromSpanish institutions to sell performing and non-performing loans.Other European operations include Germany, the United Kingdom andItaly.

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