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Friday, July 01, 2011 5:12:47 AM
Do you even understand any of the processes involved?
"third party ownership" ?
The third party I was posting about was the illegal foreclosing by the mortgage originators that did not assign mortgage to trustees as required by REMIC law.
What has happened is Fannie and Freddie had banks file for foreclosure under whatever name was last listed on mortgage deed and then bank assigned property over to Fannie or Freddie.
And it was all illegal because the notes had already been sold.
It is the noteholder that can only file for foreclosure but they must also hold the deed in their name.
And in many cases it was not even the banks doing this illegal foreclosing.It was done by law firms using fake vice presidents that were hired off the street just to sign documents.
You try to make beleive that Fannie and Freddie are innocent,but that is far from the truth.Fannie and Freddie are just offices that criminals work out of and hide under.
Tax liens are a whole other story.
But your senario does not account for the fact that homeowner is notified of any tax lien that is about to take place.
That is unless there were other fraudulant acts by a bank and /or their lawyers.
Gonna make a difference !
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