I think we’ve beaten this issue to death. And I think the article is inconclusive. Hopefully we’ll somehow get to see a copy of the trust deed.
But on a whole different subject. I don’t see anywhere in this article that it says that either of these homeowners were in foreclosure or even delinquent. At least one of them hired an attorney to deal with the lender, whatever that means. Maybe they were current and looking for a mod or a short sale. A lot of comments at Mish’s implied they were deadbeats. Might be true. But I don’t see any evidence of that. Makes it even more interesting. Current borrowers suing for quiet title. And winning. At least for now. Stay tuned.
