Replies

To: bolobaby

"The problem is that when there is a problem with the lien due to derivative sales AND the resident isn’t paying, what do you do?"

Sue all the "lender" agents (appraiser, underwriter, title insurer, etc) for gross negligence.

Use the proceeds to pay whoever lost money - that would be the taxpayer.

19 posted on 10/12/2010 1:33:45 PM PDT by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)

To: Chunga85

...and the deadbeat keeps on living in the house?

20 posted on 10/12/2010 1:37:42 PM PDT by bolobaby

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