Presidio

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    • Thu Jan 3rd 10:47 AM | Rating: 0 0
      Commented on:
      Jingle Mail, in Practice
      I think "de facto non-recourse" is stating the case too strong. Even if mortgage servicers don't have the time or money to chase borrowers in court now, the debt will not be extinguished and they can chase the borrower down a few years down the road, right? They should also be able to sell the debt to someone who will chase borrowers down even sooner, right?
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