There appear to be only a couple of ways out of their current mortgage conundrum, neither of which is too appealing.
Either the mortgages remain in limbo and millions of people continue to live for free in houses without clear title, perhaps leading these banks to cut deals with them on a future mortgage at a fraction of the price of the original, or the Government passes a law saying it is OK to use phony forged paperwork, which will likely touch off CW II.
(rolls eyes) What is it with folks thinking that something like this is going to start a Civil War? I mean, sure, it sounds dreadful and exciting, but come on....
“or the Government passes a law saying it is OK to use phony forged paperwork, which will likely touch off CW II.”
The govt had better pass a law saying exactly that or we have not only a war but we’ll be fighting with bows and arrows. I’m not interesting in folks staying in houses they aren’t paying for due to a technicality with their paperwork. This is so much bs and yet it can bring down the economy to aide freeloaders.