ST Alpha - "A Detroit congress woman is telling constituents to not move out if foreclosed, paper work is so messed up at all those merged loan bundles that if " (Reading a Post)

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A Detroit congress woman is telling constituents to not move out if foreclosed, paper work is so messed up at all those merged loan bundles that if

Posted by zeitgeist for dogs (aka zeitgeist) Jan 29 '09, 21:36

they ask to see the note, as is your right as a debtor, they might not be able to find it, remember most of those sleazy brokers that were pushing the sub prime loans are out of business and out of contact.

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That's good advice. Also, if you're upside down and are going to lose your house... - Mop Jan 29, 21:51 5
- How does the "repaired credit" part work? nm - ralph wiggum Jan 29, 22:28 1
  - not in one year. -- nm - psilotum Jan 29, 22:31
- the congress woman was suggesting that some people might be able to keep their house for free if the bank can't show the contracts to prove it. - zeitgeist for dogs Jan 29, 21:55 2
  - Agreed. But... if the documents cannot be found, can it be said that *anyone* owns that house? -- nm - Mop Jan 29, 21:56 1
    - the county recorder holds records of deeds, that's one of the basic functions of civilization as we know it -- nm - zeitgeist for dogs Jan 29, 21:59

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A Detroit congress woman is telling constituents to not move out if foreclosed, paper work is so messed up at all those merged loan bundles that if

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