Well, I guess we may hear about it in 3 years... or never. lol
It stuck with me as it was odd. But I was talking about the actual mortgage not his "process"... The mortgage no longer exists and unless the guy who originally bought the house (and abandoned it) says "no you can't stay there" who else can tell him to leave? The mortgage company sold the debt, and then went bankrupt and the fund it was traded into no longer exists... This is the important part. Most mortgages were placed in a CDO "Collateralize debt obligation" and these are what matter as they no longer exist. Trading went from 481.6 Billion in 2007 to 8 billion in 2010. So many people who have these mortgages may be paying the company that sold the rights to the debt. Quit trying to drag conspiracy BS into it. This info is well documented.
Anyway this is why so many people are occupying, because this was allowed to happen. It's not because they want "free" homes. This was not why I remembered that guy in Texas. It was because the system is so broken that nobody knows what's is who's and it can't be proven. The occupiers did what they were told they had to do and wall street ****ed it up. Bankers and politicians need to pay up.
Nice to ignore Bill Maher's voice when it doesn't help your argument now.
Florida’s Attorney General sues illegal mortgage modification company
http://www.bankruptcylawnetwork.com/...ation-company/
How can this happen? The company didn't follow the rules and these people get to keep there houses. Free and clear. This would be the transfer of the debt obligation earlier Captain and it's great that the little guy's getting to keep his house.