Replies to post #699735 on Mr Cooper Group Inc fka COOP

[lodas]

the chapter 11 closing document states classes 19, and 22 are "impaired"... it makes no mention of further distributions from any vehicles outside the chapter 11 official closure... why?...WMI has to state the entirety of distributions to solicit release signatures for all those who sign, and did not sign the release document, else it would imply a fraudulent tactic to get people to sign the document...all contractual law regarding transfer of assets from one party to another must be explicit before signatures are asked to be tendered....dumptster diving again... read the document that you posted about the WMIL-T, and creditor payouts...as well as shareholders... nothing was said about future disbursements of money... Lodas

[ron_66271]

UPREIT or 721 Exchange.

“PALADIN?.

An UPREIT exists as another exit strategy. An UPREIT or 721 exchange are both terms used to describe a 1031 exchange into a REIT. When this happens, an investor's interest in the DST is converted into REIT shares, which is when the 721 exchange occurs. The REIT already controls the DST. After some time, the REIT will purchase shares owned by the DST. The DST may then dissolve.”

Fits our model perfectly.



Ron