This whole issue is making me crazy. I'm back to Joe Blow & his wife on their fifth refinance with a batch of liens in between. Because of Equitable Subrogation they have perhaps thumbed their noses at attaching creditors including the IRS & the Commonwealth of Mass. Proponents say that these lienholders are in no worse position than they were before. What happens when Joe Blow gets foreclosed on - a rhetorical question of course. All the intervening lienholders are wiped out (except for tax takings). Where is the fairness in that???
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