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Manage episode 280346470 series 2453550
Player FM과 저희 커뮤니티의 THE NEIL GARFIELD SHOW 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.
Foreclosure litigants need to return to First Principles in the Coming year 2021. What better way than to see Neil's latest Blog post explaining how even admitting you have a mortgage loan when it is securitized, particularly from the mortgage meltdown years from roughly 15 years ago to several years ago, is self-defeating, in that the truth is that there is no identifiable lender, borrower, payor, or payee, in the true and meaningful manner those terms are properly used. As Neil explains, the money which arrives at the closing table of these securitized mortgage loans, is not even a loan, in that 1., no loan is sold, 2., nobody records a purchase of a loan obligation, and 3., nobody maintains any account receivable. Bill Paatalo will delve into how this works in the real world/legal world by going over an article exposing how in MERS related loans, a 'borrower' who thinks he has discharged a 'debt' by 'paying it off' may in fact have done no such thing. Join the Show to get the breakdown on this analysis. Finally, we will touch on in today's Show the latest developments with the foreclosure moratorium and the contiuing Covid-19 crisis.