[redgolum]

What it will mean for the homeowner is a slower foreclosure, they will still wind up foreclosed eventually in most situations, but it will take longer. Secondly when blatant fraud becomes apparent, where the same note was sold in 2 seperate packages.. who can foreclose? If anyone... who’s legally culpable for this screw up, and what if anything will be done to them?

I have a related question. Say someone with a mortgage that has been split up in such a fashion pays off their loan. How would they get a clear title to the property when no one has any idea where the paper work is?

[HamiltonJay]

all the people partially holding the note would have to certify their portion of the debt has been paid... I would assume.