LawTalkers  

Go Back   LawTalkers

» Site Navigation
 > FAQ
» Online Users: 218
0 members and 218 guests
No Members online
Most users ever online was 9,654, 05-18-2025 at 04:16 AM.
View Single Post
Old 01-07-2011, 04:24 PM   #4828
LessinSF
Wearing the cranky pants
 
LessinSF's Avatar
 
Join Date: Mar 2003
Location: Pulling your finger
Posts: 7,122
Re: "The banks are screwed if this precedent holds."

Quote:
Originally Posted by Cletus Miller View Post
No, it doesn't. Doesn't even do that in Mass. As Burger sez, it will cause a delay and be costly--and it may even be costly enough that it no longer makes economic sense for the lenders to seek foreclosure--but the ruling in NO way makes even a single mortgage unforecloseable.
full employment for monkey fucking scribes working on securitizations, and a nice money machine for law firms that can hire an army of contract lawyers at $80/hour and bill them out at $300, to have them scrub every mortgage assignment.
__________________
Boogers!
LessinSF is offline  
 
Powered by vBadvanced CMPS v3.0.1

All times are GMT -4. The time now is 05:01 PM.