Was at a True Value store a couple of days ago. The guy behind the counter got a call from his wife after their bankruptcy meeting with a judge. Bank of America could not show that they held the mortgage and they didn’t show up at the hearing. The judge gave them the house. Just have to make sure they pay the taxes.
The husband and wife would have to go to the hearing not just the wife. Something is missing in that story.
I’ve heard that often times the loans have been sold several times and the bank that processes the loan no longer even knows where the papers are for the loan.