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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (48476)12/30/2005 2:22:03 PM
From: Ramsey Su  Read Replies (1) of 110194
 
I don't know when exactly a claim is filed but that usually have no impact on the foreclosure in process.

I believe the MI company has the option of paying the claim in full and then taking over the beneficiary's position, obviously counting on the assumption that they can foreclose or somehow recover more than the servicer could.
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