[Age of Reason]

the solution is to say the deffective mortgage is no longer attached to the real property and is an unsecured claim. thus there is no lien to cloud the title.

Sounds good.

But you can bet the government will find some way to prevent those homeowners from getting a free home at the expense of the financial system.

[AndyJackson]

at the expense of the financial system.

The solution is so simple it is staring you in the face and you don't even see it. Just have the taxpayers bail out the financial system. Then everyone wins! Right?

[Arizona Carolyn]

Right now it works for me....... their chickens are coming home to roost......

[longtermmemmory]

CNBC had a representative of MERS on today. He was making excuses about some states finding MERS with standing to sue.

I say those judges should have their licenses pulled.

BTW the banks would still have the unsecured debt and make take all actions to collect on that.

[longtermmemmory]

don’t forget the statute of limitations.

if no action is taken then the property can be claime via adverse possession and/or unforclosable because of shorter time to sue on the promissory note. (but only the proper party plaintiff)