It looks as if houses are being foreclosed to the benefit of those who merely hold the junior tranches and thus have no right to benefit by the foreclosure, or perhaps do not hold anything at all – it is difficult to tell, perhaps impossible to tell. It is also unclear how much money the people being foreclosed upon actually owe – again, it is difficult to tell, perhaps impossible to tell. When the scammers sold mortgages on to the next guy in line, they tended to pad up the mortgage, tended to exaggerate the amount of debt the borrower had promised to pay.