Replies to post #425041 on Mr Cooper Group Inc (COOP)

[W3Research]

BTS, You are more than likely correct. I was just thinking about it as a "What if" scenario. Also, I made a couple of calls to Structured Settlement Payout Companies and all declined to offer for this situation, just so everyone here knows ...

There will be no offer to sell escrows.

Once the new LTI markers are issued they will stay in your account and moneys will be distributed to them ad infinitum until all assets are liquidated, which could take years. The initial amount may likely be equivalent to par. Then more $ will be disbursed to accounts as illiquid assets are sold over time.

There would be legal entanglements if say, the company gave you the opp to sell your P escrows for $1000, and you sold.....and then a year later they disbursed $3000 more per P into accounts, you'd be pissed and would blame the company for "enticing you" to sell at $1000 and the company would get dragged into court by every lowlife attorney looking to sue and capitalize on your "injustice".

No way will anyone be offered to sell escrows.

[onco]

exacto mundo

[kirby96]

Completely false. Bankruptcy/Liquidation claims are traded all the time at very steep discounts. Trading your escrows markers would be no different. There are people (many lawyers for example) who make their careers doing just this. Bond claims, unsecured bi-lateral contract claims, derivative contract claims, equity claims, etc., etc., etc.. They can all be traded. Many hedge funds are still trading Lehman claims to this very day.

Until recently I worked for a firm that made a lot of money trading Lehman and Madoff claims. Claims purchased from banks, business partners, and even widows and orphans who had the misfortune to invest with Bernie. There is no impediment to writing a binding contract transferring one's rights in a bankruptcy. Believe it or not.