Same Old Story: Paper Trail vs, Money Trail (Freddie Mac)
Payment by third parties may not reduce the debt but it does increase the number of obligees (creditors). Hence in every one of these foreclosures, except for a minuscule portion, indispensable parties were left out and third parties were in reality getting the proceeds of liquidation from foreclosure sales. The explanations of securitization contained on the websites of …
Same Old Story: Paper Trail vs, Money Trail (Freddie Mac) Read More »