It might well turn out that way. In normal, just times, I'd argue for people to make good on their commitments. But these aren't just times. Government and banks have distorted justice and left the people holding the bag. I can't fault people for putting their own interests first these days. That thinking collectively may doom us all, but in that case you don't want to be the last one out the door.
So you think everyone with a mortgage should just stop paying and become squatters?
Because that’s what going to happen if people realize nobody can foreclose, which will then lead to the nationalizing of all banks, and all capital.
This is a fast train to socialism, even faster than Obamacare.
committment to who?
the bank? they no longer own the promissory note.
The mortgage holder? Nobody knows who that is AND due to the faulty documentation then that mortgage is possibly voidable.
The plaintiff? they can’t prove they own any secured interest in anything. At best, they have an UNSECURED debt IF and only IF they can prove they actually own the promissory note by documenting each and every individual transfer.
Otherwise, regardless of people’s personal opinions, there is no enforceable debt seecured or unsecured.