From: http://seekingalpha.com/article/4222..._email&u=88714
How's this for an internet pop-up/search ad based business: Offer professional services to review documentation on mortgages in order to obstruct foreclosure.
And incidentally if this really is prevalent then it will extend foreclosure proceedings even longer than the 12-18 months from first notice of default (NOD). This in turn means even loss recovery via foreclosure is going to be more difficult and expensive.
Hrm!?!
Since the funds/pools didn't originate the loans and it's a bunch of kids who are putting these things together, the documentation has been horrendously sloppy. So sloppy that there are several Legal Aid groups who are stopping home foreclosures dead in their tracks. Indeed, one of the prime agencies that would submit requests to the court for replacement docs has now stopped doing so as it is beginning to realize it could be accreting huge liabilities."
And incidentally if this really is prevalent then it will extend foreclosure proceedings even longer than the 12-18 months from first notice of default (NOD). This in turn means even loss recovery via foreclosure is going to be more difficult and expensive.
Hrm!?!
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