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Yea, it gets interesting, but I just think that means the con that will be put in place to save the finance industry will be more damaging to the interests of the dumb schmucks who bought that shit home owners

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 12th, 2010 at 05:19:26 PM EST
[ Parent ]
Doesn't the latest version just mean that none of the loan transfers were legal, so that the homeowner is simply liable to the mortgage originator (assuming the latter has kept his records....)?
by gk (gk) on Wed Oct 13th, 2010 at 02:48:38 AM EST
[ Parent ]
I am not a lawyer, but it seems to me that homeowners finding problems with the chain of custody for their mortgage might be justified in making payments into an escrow account. The situation is genuinely FUBAR.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Oct 13th, 2010 at 01:56:53 PM EST
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