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Real Estate & Property Law

: The Home Equity Theft Reporter

Civil War Amongst Interest Holders Of Securitized Mortgages May Be On Horizon As Investors Begin To Fight Over Foreclosure, Loan Modification Issues

By r morris

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In Boston, Massachusetts, The ABA Journal reports: A default on debt tied to Boston?s John Hancock Tower highlights the kind of legal fights that will likely break out among investors who have varying rights to repayment after property foreclosures.When mortgages are pooled and securitized, the investors purchase bonds that are grouped by payment priority known as tranches. Those with the lowest

Full post as published by The Home Equity Theft Reporter on January 22, 2009 (boomark / email).

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