It is no one’s interest to engage in massive foreclosures and resultant evictions as the property being repossessed will be vacant and subject to immediate disrepair upon abandonment.
Whole city blocks could fall to “the broken window syndrome” as this happens in multiple housing neighborhoods and would look a bit like the Dresden bombings of war years past.
Just a personal opinion.
Correct me if I’m wrong. My mortgage was “sold” to a credit corporation. If the original bank did not provide an assignment of the note to the credit corporation but only my file containing the mortgage and note, the credit corporation can’t foreclose? The reason I ask is the credit corporation told me that they did NOT have the authority to change the terms of my original loan but if it was in fact, assigned to them, wouldn’t they?