Subject: File No. S7-38-11
From: James L Nemec

December 23, 2011

The servicers of the real estate that is packaged should not have any outside avaiablity to purchase,price or any connection to any purchaser of property.I had this happen to me and it cost my wife and I everything. The servicer purchased the property after they forced the property into forecloseure bought the properties for large discount and tried to sell them back to me for the mortgage amount making a large profit at expense of purchasers of the bonds.
The bondholders losing millions and no accountability by servicer.