[quote=SK in CV][quote=CA renter]
Just because the lenders might have technical issues related to the notes, it does not mean these borrowers get free houses.[/quote]
Is that what this is about? Lenders should be able to run rough-shod over the system that they agreed to, ignore laws, blatantly break laws, commit purjury, foreclose on thousands of homes that they shouldn’t, and worse, just so that a few people might not get free houses?[/quote]
How many houses have been foreclosed on where they “shouldn’t have” foreclosed? I know there is a case (maybe a handful) where banks foreclosed on houses where the owner had no mortgage, or was paying the mortgage as agreed; but the vast majority of foreclosures happen because the borrowers aren’t paying their mortgages as agreed. They have no reason to expect a “free” house, just because the lender might not have filed/transfered the paperwork properly.
