Endless short sale lawsuits in the future?

[scaredyclassic]

have you guys seen the high profile prosecution just started of an O.C. atty witha big loan mod business who basically was just taking people’s money and not doing anything. took in a couple million very quickly. pretty dumb shyster. i think his exposure is 70 years!

http://www.ocregister.com/articles/diener-230503-marrero-prosecutors.html

[AK]

Of course I’m not a lawyer. If I were I’d be charging you for my pearls / pellets of wisdom.

I’m thinking buyers who claim they were misled about deficiency judgments, impact on credit rating, tax liability for debt forgiveness, and so on.

And under the right circumstances, perhaps homeowners who will claim some technical violation of the laws surrounding distress sales, and seek to rescind the sale. Of course that wouldn’t make sense unless there were a massive rebound in home prices within two years … and even if that happened I’m not sure it would make much legal sense.

[AK]

Of course I’m not a lawyer. If I were I’d be charging you for my pearls / pellets of wisdom.

I’m thinking buyers who claim they were misled about deficiency judgments, impact on credit rating, tax liability for debt forgiveness, and so on.

And under the right circumstances, perhaps homeowners who will claim some technical violation of the laws surrounding distress sales, and seek to rescind the sale. Of course that wouldn’t make sense unless there were a massive rebound in home prices within two years … and even if that happened I’m not sure it would make much legal sense.

[AK]

Of course I’m not a lawyer. If I were I’d be charging you for my pearls / pellets of wisdom.

I’m thinking buyers who claim they were misled about deficiency judgments, impact on credit rating, tax liability for debt forgiveness, and so on.

And under the right circumstances, perhaps homeowners who will claim some technical violation of the laws surrounding distress sales, and seek to rescind the sale. Of course that wouldn’t make sense unless there were a massive rebound in home prices within two years … and even if that happened I’m not sure it would make much legal sense.

[AK]

Of course I’m not a lawyer. If I were I’d be charging you for my pearls / pellets of wisdom.

I’m thinking buyers who claim they were misled about deficiency judgments, impact on credit rating, tax liability for debt forgiveness, and so on.

And under the right circumstances, perhaps homeowners who will claim some technical violation of the laws surrounding distress sales, and seek to rescind the sale. Of course that wouldn’t make sense unless there were a massive rebound in home prices within two years … and even if that happened I’m not sure it would make much legal sense.

[AK]

Of course I’m not a lawyer. If I were I’d be charging you for my pearls / pellets of wisdom.

I’m thinking buyers who claim they were misled about deficiency judgments, impact on credit rating, tax liability for debt forgiveness, and so on.

And under the right circumstances, perhaps homeowners who will claim some technical violation of the laws surrounding distress sales, and seek to rescind the sale. Of course that wouldn’t make sense unless there were a massive rebound in home prices within two years … and even if that happened I’m not sure it would make much legal sense.

[Author]

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