On the surface this looks like a win for the investors who lost billions when they bought lousy and in many cases FAKE mortgage backed securities. But the question for Henry Homeowner who is wrestling with his own mortgage woes is, what does this mean to me? Will I benefit from this “win”? I have [...]
Lien stripping in action, let’s just get rid of the unsecured part, shall we?
March 5, 2010 By 1 Comment
David Leibowitz posted a short blurb on stripping liens from a property. Bottom line is that the “underwater portion” of a mortgage may be fair game as it is unsecured. This is a huge benefit for investor or the average homeowner who also has a rental property or two. Too bad it is not readily [...]
