Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

New twist to US foreclosures

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Political Videos Donate to DU
 
Lars77 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-14-10 06:44 PM
Original message
New twist to US foreclosures
 
Run time: 02:46
https://www.youtube.com/watch?v=ihbpcKKkzcQ
 
Posted on YouTube: November 14, 2010
By YouTube Member: AlJazeeraEnglish
Views on YouTube: 314
 
Posted on DU: November 14, 2010
By DU Member: Lars77
Views on DU: 891
 
Printer Friendly | Permalink |  | Top
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-14-10 07:11 PM
Response to Original message
1. This is from Al Jazeera? Funky.
What is more significant was the piece posted a few days ago saying that there were multiple owners on the same loan. Is it possible they sold the same loan multiple times? I guess if paperwork was that screwed up it is possible. In that case who gets to foreclose?
Printer Friendly | Permalink |  | Top
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-14-10 07:35 PM
Response to Reply #1
2. Its my understanding that they divided the mortagages into pieces and sold the pieces
to investors according to risk.
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-14-10 07:43 PM
Response to Reply #2
3. The entire mortgage should have been in one trust and then the pieces divvied up.
Then the Trust's rep has the right to foreclose. But now we've got a bunch of different reps saying they have the ownership rights. That is my admittedly non expert understanding of the situation.
Printer Friendly | Permalink |  | Top
 
Klukie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-15-10 08:23 AM
Response to Reply #1
4. And more importantly..how does that affect a legitimate sale?
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri May 03rd 2024, 05:48 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Political Videos Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC