[quote=SK in CV]The question is, should the lenders be allowed to ignore the law[/quote]
No one should be allowed to ignore the law, obviously. Have you ever thought of the distinction between the spirit and the letter of the law? The impression you give in this forum is that you are overly concerned with the letter of the law, without regard for the intent of the legislators or the intent of the law.
When a deadbeat or FB stops making payments, that constitutes a substantial violation of the loan agreement, and therefore, of the “spirit” of the law in addition to the “letter.” That behavior is the complete opposite of a technicality.
On the other hand, if we insist that lenders provide hard copies of every single document that prove that they are entitled to foreclose, we are putting the “letter” of the law over its “spirit.” In other words, a technicality.
You’re essentially defending those who “game the system”: http://en.wikipedia.org/wiki/Gaming_the_system “[using] the rules and procedures meant to protect a system in order, instead, to manipulate the system for [a] desired outcome.”
