Mortgages are assets to lender/servicer, NOT homeowners. They’d be condemning assets of banks, not assets of homeowners.
“Condemning” mortgages will have no effect on the home. Mortgages in a general sense are contracts that can be bought and sold - not amended w/out all parties in agreement.
If those dudes want to hold those mortgages, I’m pretty damn sure they could just buy them. I can’t imagine how eminent domain would even be in the discussion. The only way I can connect the two is to imagine that by “condemning” the mortgage somehow, the price of said contracts could be less but even that is unclear.
Something else is going on here and the article doesn’t help us see what it is. But w/ Soros, Buffet, and 0dumbo, it can’t be good for the nation.
Excellent summary, to straighten out some of the misconceptions earlier in the thread. They must figure they can pick up the mortgages at MUCH lower prices with the state coercion. The banks are likely to fight back, unless in on the scam.
Exactly.
“Mortgages in a general sense are contracts that can be bought and sold - not amended w/out all parties in agreement.”
There is no law when it comes to the Federal Government. Like Pete Sark (traitor REP: CA) publicly stated “the Federal Government can do whatever it wants”.
People, come on they are flaunting their unbridled power in our face and laughing at us.
Just what kind of wimps are we? We are living in a country designed deliberately from the ground up with a extremely limited Federal government and with even an escape plan detailed by Thomas Jefferson, yet we have let them completely ignore the Constitution and remain in power.
What good is an oath if it can be violated with immunity?