Originally posted on Livinglies’s Weblog: 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…
via Same Old Story: Paper Trail vs, Money Trail (Freddie Mac) — Deadly Clear
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