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MIG's again!!!!!!

from Kate (katejones6@katejones.freeserve.co.uk)
I may be sounding really thick here but if the lender has been paid out by the MIG then surely they've then had their money and cannot be paid twice by pursuing the borrower as well. In our case I know they have received payment under the MIG because they sent me docs with the SARN stuff that detail the payment. Therefore if we were to pay them in full (oh yeah as if) they would actually have made a profit on the repo. This is probably blindingly obvious but I cant get my head round it!
(posted 8190 days ago)

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