So if I get a foreclosure notice because I could not pay due to unemployment, how would this help me? Just asking as I am not sure I fully understand all of this. I am not in Kansas.
Ever if you could make the payments, the entire mortgage industry has commit fraud by creating an artificial entity to record documents that by ANY state law should have been done. They have circumvented the county and state laws and have not paid fees and taxes every time the property change hands which apparantly was a lot.
Search MERS. 60 million people may soon own homes because of big time barney frank and cris dodd enabled fraud.