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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (80462)6/29/2007 4:19:43 PM
From: Pogeu MahoneRead Replies (1) | Respond to of 306849
 
John
This is a clusterfark.
<< I'm confused how this whole foreclosure/REO game gets unwound given the complexity, layering and hedging of all these funds that hold groups of mortgages. Sorting it all out as these loans go down seems like a nightmare>>
forclosure defense attorneys are stopping evictions and forclosure because the company moving to forclose does not have proper paper work and may not even be the company that owns the mortgage!
Totally farked situation..
lawyers gotta eat-vbg-