“Unhappy it is, though, to reflect that a brother’s sword has been sheathed in a brother’s breast and that the once-happy plains of America are either to be drenched with blood or inhabited by slaves. Sad alternative! But can a virtuous man hesitate in his choice?” - George Washington, 1777
Saturday, October 2, 2010
Graphic on the Mortgage Foreclosure system
This is how the mortgage system works. The problem here is that the documentation is lost, and no one knows who owes what money to whom. So the banks simply manufacture new paperwork and foreclose.