And who is saying it doesn't? Lenders have a right to foreclose and seize any property in default but we're seeing too many lenders use shady legal practices which too often result in people who have nothing to do with the property being foreclosed upon being screwed.
Banks should not be allowed to use the "clerical error" defense when it comes to defending attempts to seize the wrong property in a foreclosure process. If any common crook tried breaking into someone's house and then waved a piece of paper signed by someone that states it was OK to do this, I don't think the police or the courts would buy that as a defense. Why shouldn't banks be expected to obey the law when it comes to foreclosures?
>> And who is saying it doesn’t?
By disallowing all foreclosures, the government is saying lenders have no property rights. Or how did you want to spin it?