What you normally do is you go to a dealer and a dealer is someone, a professional, who participated in the auction and bought these up to accumulate an inventory to then sell off to you, the customer.

你通常会去找一些中间商,中间商是专业从业者,他们参与拍卖,积蓄库存,再转销给一般顾客

耶鲁公开课 - 金融市场课程节选

Then if you fail to pay on the mortgage--pay off the debt -the lender can seize the property and sell it.

然而如果你无法偿还贷款,贷方可以没收这项财产并出售

耶鲁公开课 - 金融市场课程节选

We've managed to package subprime loans that we thought -some people thought--were terrible and sell them off to unwitting foreigners who didn't know.

我们将次级贷款打包,将这些烫手山芋,甩卖给我们不认识的外国冤大头

耶鲁公开课 - 金融市场课程节选