Foreclosure Defense FloridaGeneral Information

12 USC 5212 Are All of Amerikan's Mortgage Debts Insured, Payed Off, Guaranteed?

3 Comments

  • DolleyMadison says:

    SO HOW THE HECK CAN YOU FIND OUT IF YOUR SERVICER/TRUSTEE/WHOEVER IS PRETENDNG TO OWN YOUR LOAN WAS ALREADY PAID OFF? HOWWW???

  • DolleyMadison says:

    You guys always allude to these theories that seem to be intuitively correct…but never tell us how to get concrete proof.

  • Attorney Wendy Alison Nora says:

    This is the perverse incentive/smoking gun for why the banks will not settle with homeowners. They can claim 100% now rather than wait 30-40 years on modification payments. They can also take the home after receiving full payment on the mortgage loan guarantee. I wonder if the taxpayers are subrogated in the homes. We have no evidence that the empty securitization trusts are receiving foreclosure proceeds and no one is getting their mortgage notes back upon confirmation of sale or bankruptcy discharge.

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