Be cheerful, your way is what they are going to do. We will cough up more money to payoff the people not paying their bills - out of the pockets of those who do pay their bills.
The law is the law. Either the banks follow the law, or they suffer the consequences. Same with the home owner.
I don’t think you understand what you are saying. If someone can foreclose on something they can not prove that they have a right to, we are in for big trouble.
I am worried about my now clouded by Countrywide/BOA deed. It’s in MERS three times which means it was securitized and sold three times and to who? I am betting no one knows! Where’s the orginial paperwork the bank will need to clear my deed? Same thing most likely shreaded and recycled into toilet paper by now. What are the chances that they can clear the deed when I pay off? Almost next to none! I will have to fight and go to court and spend no telling how much money to clear the deed if it can be done so who pays for that? Oh yeah you say sue them and get it that way, but it takes money just to bring suit. Yes the ‘Dead Beats’ failed to adhere to a civil contract, BUT THE BANKS BROKE THE LAW! Big defference.
They clouded titles/deeds and made it were honest home owners may have to spend who knows how much money at payoff or if I try to sell to clear the mess up, but then I guess as long as you get your pound of flesh from the ‘dead beats’ that’s all that matters.