Uncategorized

Positive Money Forum • View topic – Mortgages – Grip of Death or Total Scam or Both?

Positive Money Forum • View topic – Mortgages – Grip of Death or Total Scam or Both?: “Punish The Seller?
You are still missing the point the seller is long since out of the equation when it comes to repossessions/foreclosures they release their rights when the contract between the Mortgagor( borrower ) and mortgagee( Bank) is made. Other third parties introduced by the bank without the Mortgagors knowledge are another matter altogether.

AN old Law lecturer once explained that in contract law the ‘ee’ was he that gets it the exception being mortgage law where the ‘ee’ was actually the ‘Or’, I am beginning to think that perhaps the ee’s and ors are the right way around after all the Bank seems to get rather more for rather less don’t you think?

Who are the Winners and Losers in the 100 acre wood said eyore?
RogerGLewis

Posts: 18
Joined: Tue 24th May, 2011 (01:19)”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s