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(The Year 2012 In Review)
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|User Info||Heh Look What We Have Here! (Foreclosure Defense); entered at 2012-01-07 11:29:19|
The seller of the insurance could sue the defaulting party, but they cannot foreclose -- their right of recovery, if they have one, is limited to that of any other tortfeasor in a civil action, and all the defenses against paying (including bankruptcy) that said tortfeasor has are available to them.