[WAW]

There will be no bottom to this until all this paper gets unravelled and until the interventions, the bailouts, and easy money policies at the Fed come to an end.

This only deepens and widens as long as they try to prop it up with moratoriums, special lending...We will have to see more banks fail and more homeowners lose their homes to foreclosure to get to the end of this.

[AngelesCrestHighway]

As long as the government is involved it will only get worse....

[null and void]

Eh? The next "logical" move is if no one can have clear title, clear title can be easily established simply by having the Crown, uh, the Federal government own all the land.

[RC2]

Banks need to start helping out the country and ease their loaning of money. As an example, if you have a loan on your house of 6% or more, own a small business, you will play hell getting your home refinanced. It’s almost like they want you to fail.

[RideForever]

It's not about foreclosure. Any loan that has, or will be securitized, is done so without knowledge of the borrower. Any securitized loan is subject to having the original note, and its attached endorsements of ownership, destroyed.

If at the end of a mortgage, by pay off or foreclosure, the original note is not returned, the property has a clouded, or toxic title. Subsequent buyers cannot get title insurance, and will walk away from buying your property.

Anyone glossing over this little 'detail' is likely ashamed to admit that they are paying premium 'real money' toward their home investment that has the possibility of a steep discount in value from a clouded title that they are unaware of. This would be a good time to ask your loan servicer for a true copy of the original note to your property.