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Re: coin_in_fountain post# 14920

Thursday, 05/31/2007 4:44:04 PM

Thursday, May 31, 2007 4:44:04 PM

Post# of 143139
Prediction: The new lawsuit will be summarily dismissed upon motion of the defendants citing prior court decisions ruling that cbay's mortgage was invalid from the day it was created.
One also has to realize that the $14 million in the bankruptcy proceeding has probably already been paid out to the other mortgage holder who is a citizen and resides in Turkey. Even if by some slim chance cbay got another chance in court, it will be impossible to collect the money. Oh and the entity that sold the worthless mortgage to cbay sold it without recourse which means cbay won't get a dime back from the seller either.

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