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|User Info||New Growth Industry: Qui Tam; entered at 2012-03-16 17:00:15|
Doesn't the MBS holder "own" the house after foreclosure?
That's true in the honest, J6P world of morality, "high finance", fair laws based on English Law and uncorrupted lawyers and politicians.....that just not this country anymore, thanks to "Dancing with the Stars", Apple iPads and handouts for the FSA.
IMHO, the trustee (bankster or bankster associate) will write it off for whatever and the MBS holder takes what they are given or reported by the trustee, and we know how truthful they are based on reports shown here.....
Then the bank (trustee) picks it up, does the "Title Laundering" thing and voila, a new clean asset for sale or rent in what will be an increasingly tight housing (no construction) market in certain parts of the country.
To anticipate and make money against these guys, you have to think just as sleazy as they do...for them, nothing is illegal or impossible as long as they can buy government and the law....
A friend of mine filed the business process patent application late last year, taking all of the options for the state law direction in consideration.
Last modified: 2012-03-16 17:10:08 by nuke_engineer