re: #816 researchok

That’s probably why they tried to sneak in that “fix” last week, if they don’t change the rules retroactively to cover the banks asses over the last few years it could all blow up on us.

My spouse worked for a title company for awhile. We were talking about this current mess and she pointed out that there are dozens and dozens of rules that had to be complied with at the time of sale or else it wasn’t actually considered sold, both at the initial sale and when the bank turned around and sold mortgages to other banks. If the current mortgage holder can’t prove that chain of custody (for lack of a better term) then how are they going to determine who actually owns the properties?

Another story in the NY Times:

Avoid Foreclosure Market Until the Dust Settles
nytimes.com

I’ve been looking at properties over the last month or so, now I’m thinking it’s best to wait for a bit.