The real heat in this foreclosure war is going to come from the institutional investors. The real interesting in this dynamic is going to be the fact that that the issues raised by we pesky defense attorneys are going to be the very issues raised and pounced upon by the other parties who are really getting screwed in this whole mess….the investors in the trusts that are being screwed by the servicers.
The servicers are lying. The servicers are fleecing the federal government and taxpayers by pocketing millions of dollars in modification money. They’re screwing the federal government, they’re screwing the taxpayers and they’re screwing their own investors….and sorting all this out will take forever….
Matt, who actually collects from the mortgage insurance policy when a homeowner is foreclosed upon?
I’ve counted 17 income streams that get generated when a homeowner is foreclosed upon.
Thought you might like to look at this: