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Now next year some accountant finds your paperwork at company 234 and they have no idea why you’re not paying them ,, they take you to court and have the paperwork... YOU PAY THEM TOO.

This is a big problem for both lenders and borrowers which strangely enough was solved centuries ago.

In common law real estate transactions must be in writing (verbal contracts are not binding) and they must be filed at the court house in the county where the real estate exists, so if you want to know who owns your mortgage you go down to the court house and look. Then the big banks developed the MERS (Mortgage Electronic Registration System) to handle the go-go real estate mortgage bundling, slicing and dicing of the 2000-2008 years. It made it possible for the big banks to slice loans that were made to good credit risks out of pools of overall average or even sub-prime mortgages and turn them into AAA investments which they could then use as the basis of massive rehypothecation schemes netting the big banks billions (maybe trillions??)

Millions of mortgages changed hands many times in the buying and selling of these mortgage tranches. Unfortunately, in all the hustle and bustle the buyers forgot to file the paperwork documenting the changing ownerships in the court houses. Whoops. That's illegal and invalidates their ownership claims and also clouds the title which harms the property owner.

Luckily the banks were to big to fail and too big to jail and even too big to hold to following the law. They messed up (clouded) the titles to millions of pieces of property and the courts all said, "Well, that's okay, we'll ignore the law because it would be a big problem if we didn't." And it was all swept under the rug. I've been waiting for it to come back and bite some butts. Still waiting...

I’ve been waiting for it to come back and bite some butts. Still waiting...
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Butts are being bit but individually ,, not wholesale (and when they are they are subject to gag orders as part of the negotiated buyoff) ... I am a single piranha not a great white... luckily my adversary is incredibly stupid and relying on the kindness of the judge to win... All I need has already been discovered and is public record if you know where to look... they’re digging a very deep fraud hole for themselves right now.