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The extraordinary case, branded ‘the foreclosure from hell’ that started in ‘78

 
 


Posted by peiper    United Kingdom   on 12/05/2010 at 08:46 AM   
 
  1. "after 25 years of fraud and paperwork nobody actually owns the mortgage.”

    Interesting. Is this why so many people who stopped paying their mortgages are still in their houses, years later? Because the deeds have been shopped from one broker to another so many times, bundled and resold, that it’s impossible to find the actual owner?

    Crap, I KNEW I should have bought a house during the bubble. Live for free!

    Hmmm, OTOH, what about paying the property taxes? If she isn’t up to speed on that, I’d be amazed that the county hasn’t taken the property ASAP.

    Posted by Drew458    United States   12/05/2010  at  09:40 AM  

  2. I intend to stay in this house and maintain it as my residence until I die.’

    Am I to understand she hasn’t paid anyone any amount for 25 years? Has she kept up property insurance? If so…

    I can think of several ways to expedite her death…

    Posted by Christopher    United States   12/05/2010  at  10:11 AM  

  3. Her god must be the right one.

    Posted by Rich K    United States   12/05/2010  at  01:50 PM  

  4. BUT, having gone public with her story, she’s just painted a big fat target on herself.  If the banks have any brains (arguable) they’ll go after her balls out—paperwork be damned.  They’ll want to discourage others from trying this tactic.

    Posted by Suidae    United States   12/05/2010  at  02:37 PM  

  5. Just in case any of you had doubts about russian tech overtaking us any time soon:
    http://www.washingtonpost.com/wp-dyn/content/article/2010/12/05/AR2010120502069.html?wprss=rss_world/wires&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=main-twitter

    Posted by Rich K    United States   12/06/2010  at  12:21 AM  

  6. I have to say - I’m on both sides of this one. Bravo to a woman for fighting (those bottom feeding ‘collection agencies’ are terrible_ and the fact that this has been ‘sold’ downward makes me want to cheer her on. Let me tell you the one thing - they go for the highest debt possible - which means that they are asking for way more than she even owed (sans the penalties and interest)when this stated. And that needs to be part of the ‘news’ story - original purchase price (principle, interest rate and amount owed in ‘85 when she stopped paying, also a 15 or 30 year loan and lastly, if it is in the guys name - well that is a whole ‘nother legal mess).

    On the other hand - yeah why should she get to live in a place she has not paid for - at all. Ever.

    Posted by wardmama4    United States   12/06/2010  at  09:01 AM  

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