>>This family did nothing wrong. Bullcrap. They took out a loan and didn’t pay it.<<
Actually,that option is available and spelled out in the contract. It is not “wrong”. The judge did not say that nobody could foreclose on them. He just said this particular bank couldn’t. It is now up to them to discuss with who sold them the loan, who can discuss with who sold them the loan, etc.
As a former real estate agent as well has having a brother and daughter that did/do handle mortgages and closings, I can tell you that if the contract these buyers signed was typical, then they did nothing wrong in not making the payments. They merely invoked the “plan B” contained in all secured loans. Now, if we can ever determine who has that securitization, that party can foreclose. Successfully.
Every real estate agent I’ve ever known has been a dishonest weasel. You’re sounding like one too.
Taking out a loan and never making the payments is wrong no matter what the fine print on the contract says. Plenty of things you can get away with legally are wrong.