Quote:
Originally Posted by woj
What difference does it make how it's structured on the backend? You sign a contract that you will pay $x per month for 30 years... how the rest is structured, who makes money, how, etc is irrelevant, it's not your problem...
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Simply put, if the bank note has changed hands so many times that the bank can't prove that you actually owe them money then you can win a case to stop paying them.
I have heard of this too, more than once. This doesn't mean it's true, but I have heard several stories from as many sources.