Relevant:
- Foreclosure Fraud Reveals Structural & Legal Crisis
- Illinois AG Madigan Demands Meeting With GMAC Over Robo-Signing Issues
- Schwartzwald Case means that Foreclosed Homeowners Should Take A Second Look Legal Issues Related to Their Foreclosure
- Mortgage REIT Insider: Agency mREITs Catch GSE Flu
- Pending CA Legislation Addresses Foreclosure/Servicing Issues
2010-10-30 — mortgagenewsdaily.com
"The recent news coverage has returned many mortgage and MBS-related issues, both real and illusory, to prominence. The initial headlines that stemmed from the announcement of problems with GMAC's foreclosure filings have morphed into questions about the foreclosure process, the extent and potential cost of loan buyouts and the legal standing of the securitized mortgage market itself. This article addresses some of the issues currently roiling the financial markets."
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Comments:
Jess Badlybent at 22:45 2010-11-01 said:
Wow, if this author's logic holds then my mortgage lender/servicer shouldn't require a cash payment with my mortgage coupons. A simple "affidavit" saying it was my "intention" to include a payment should suffice. Something like: "Sorry, but it was my intention to keep my job and my home, so leave me alone ...okay? Signed Jess" In fact, if enough of us do it, the courts ought to not to not question our actions. Why don't we just do whatever we please and justify it with an "affidavit" of our intentions. If an affidavit is equitable replacement for a Mortgage Note does it also serve as replacement for a Federal Reserve Note? Permalinkadd a comment | go to forum thread
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