I'm just glad I bought my house before it was in foreclosure. The seller had gotten a subprime mortgage from some outfit associated with Lehman, though whether it was a subsidiary or some other sort of association I don't know, but the paperwork on my purchase looks pretty clean, and I sure _hope_ if they didn't pay their lender back properly it shouldn't involve me. They made enough on the sale to have paid the lender back and then some, but she also had a small business so God knows what she actually did if she had higher interest revolving debt.
Good luck with your closing-- hopefully you'll get it done, and not have to worry!
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Date: 2011-01-12 12:42 pm (UTC)Good luck with your closing-- hopefully you'll get it done, and not have to worry!