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Mystery Solved! It’s the Servicers Who want the Foreclosure NOT the Certificate Holders or the “Trust”

The mortgage servicers have started to securitize repayment rights again as discussed in this Neil Garfield blog post.

Livinglies's Weblog

See http://www.nationalmortgagenews.com/news/servicing/mortgage-servicers-resume-securitizing-repayment-rights-1060096-1.html

So here is absolute proof that the real party in interest in the foreclosures are the unsecured servicers and also proof that the “default” never occurred. Notice how Freddie Mac figures in. Despite all denials and lies in court it is obvious that the servicers are, through one means or another, advancing payments to the certificate holders regardless of the payment status of the borrowers. And there are other people paying the creditors (certificate holders) as well. That means the secured creditors of the homeowner got paid, which means there is no default and they never declared one.

And THAT is why you rarely see US Bank as Trustee for the blah blah Pass through Certificates Trust hereby declares a default in your obligation; they don’t say that because neither the Trust nor the certificate holders have been short-changed, even as the servicer declares a default and moves…

View original post 1,416 more words

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