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How To Resolve The Foreclosure Mess

By Implode-Explode Heavy Industries

Of course this requires courts to "play ball" and hold the financial interests to task: ``For each and every loan that was not properly conveyed into the MBS trusts and cannot be proved to have been properly conveyed, the purchasers of such MBS have every right to sue the banks that created these MBS for fraud... For each and every loan that was not properly conveyed into the trust the net effect is that the mortgage (deed) and note have been split. This is a permanent deficiency. The buyer of the home therefore has title and he paid with an unsecured loan.

Full post as published by Mortgage Lender Implode-o-Meter on September 21, 2010 (boomark / email).