It’s true: I’ve now heard it from two bankruptcy judges in the space of three weeks.
And it makes sense.
Wall Street has created an entity to buy up stripped off junior liens. They expect to challenge the validity of the strip-off as home values improve.
They think there’s money to be made, on our mistakes, if they only succeed in 1 in 50 cases.
I started an audit of my 2009 lien strip files this week, before I heard this news a second time. Of the four cases I examined, I’m going back to revisit service in two of them. Ouch!
Your choices? Clean up your cases now or buy shares in the new venture.
Image courtesy of Magnesus and Open Clip Art Library