Mass-Joinder Ball Of String
The Market Ticker ® - Commentary on The Capital Markets
Posted 2011-04-08 08:55
by Karl Denninger
in Foreclosuregate
Mass-Joinder Ball Of String
 

Offered without comment, save one: This entire series of litigation is taking on the characteristics of a hairball, and I'm neither competent or willing to try to unwind it far enough to figure out what's really going on here.

All I can offer in terms of advice to homeowners is what I've been saying since I started writing on this topic and have noted in my various alerts, which is that:

If you are considering an intentional default on your loan you need to first have a meeting with both an attorney and enrolled agent in the same room and discuss with them the legal and tax implications of your intended actions.  There is no other means available to you to make an informed decision.  You cannot do it based on a telephone conversation or via some Internet web site or connection.  It must be in-person and include a full personal review of your financial circumstances.

That has never been more true than now.

 

Crawford vs. Kramer-1  
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