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To: ex-Texan
How many $ Trillions in mortgage obligations are owned by China, Saudi Arabia, Venezuela, Japan, and/ or Iran ? Nobody in government even cares. But how would Americans feel if they learned the home they live in is owned by a foreign country?

You're such a clown. If you don't understand the difference between holding the mortgage and owning the house, there's no hope for you.

79 posted on 09/15/2006 7:08:12 PM PDT by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts.)
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To: Toddsterpatriot
You believe in an illusion. Fail to make two required mortgage payments and you may wake up. Maybe. There is still time.
[There is a distinction] between common law [title] and equity title [that] helped develop forms of security based on the distinction, now known as the mortgage. Enjoyment of the property during the period where the mortgage was in good standing could be assured through the equity courts, while the right to foreclose on the property to merge the common law and equity title were guaranteed in the common law courts." Source


84 posted on 09/16/2006 7:12:40 AM PDT by ex-Texan (Matthew 7: 1 - 6)
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