Straightening Out the LA Times, Fannie, Freddie, Strategic Defaults and Deficiency Judgments

Then I read a couple of lawyers that I happen to know, came out in response to the article by explaining that California and Washington were non-judicial foreclosure states and therefore there could be no deficiency judgments to pursue... which I have to admit, without having read the LA Times article, I found to be as irrelevant as it was obvious.

Then I read the LA Times article, something I really didn't want to do, but luckily the convoluted and yet banal nature of the thought process involved was readily identifiable within the first few paragraphs.

Writing for the LA Times this time out was Lew Sichelman, whose ability to remain oblivious to his interweaving of unrelated facts throughout the article was truly something to behold. At one point he nonsensically says, "Going after strategic defaulters is big money," a reference to the inspector general's office apparently criticizing Freddie Mac for leaving "billions on the table."''