Thursday, October 29, 2009

Lien Priority Story of the Day

Someone in Florida had made a second-mortgage loan to O.J. Simpson, and I just about blew my top, because there was this huge judgment against him from his wife’s parents,” she recalled. Simpson had been acquitted of killing his wife Nicole and her friend but was later found liable for their deaths in a civil lawsuit; that judgment took precedence over other debts, such as if Simpson defaulted on his WaMu loan.

When I asked how we could possibly foreclose on it, they said there was a letter in the file from O.J. Simpson saying “the judgment is no good, because I didn’t do it.”

Seattle Post-Intelligencer, via Popehat, via League of Ordinary Gentlemen.

[Proof, as others have said, that dead trees still have a pulse.]

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