posted on Nov, 8 2009 @ 07:10 PM
reply to post by Namaste
I have a friend that is doing this for a living right now. If the mortage has been sold on the market, technically they broke the contract.
Where your at now with it, what he does, is sues them for proof of contract. So far, they have paid everyone off and cleared all debt to keep it out
If it sets precident in court, all those derivatives out there are in big trouble. They grouped mortages and sold them as paper instead of going thru
official process which involves the owner of the house.
If they had legal ground, your house would have been taken long ago.
It is not right to make a debt and not pay it. But it's even more wrong to go above and beyond the original contract for more profit. Same BS the
credit card compaines pull. You charge it up and they change the rules as to how your payment is applied and what charges are. This is all techically
illegal and our Govt has let them all do this.