Who owns your home?
Those complex financial instruments known as mortgage-backed securities, which famously caused so much damage in the banking sector and the nation's economy when the housing bubble burst, are causing another problem for some mortgage lenders: the inability to prove that they have a legitimate claim to homes entering foreclosure.
This little problem led to a curious scene in White Plains, N.Y., federal court earlier this month when Judge Robert D. Drain eliminated more than $460,000 in mortgage debt on a delinquent borrower's property after PHH Mortgage failed to prove its claim to the property, as reported by The New York Times. In essence, the judge's ruling made the mortgage disappear.
In March, PHH Mortgage filed a proof of claim to the debt noting that it was owed $461,263, which included more than $30,000 in past-due payments. The homeowner's lawyer sought to have the loan modified, but after the bank dragged its feet, as the lawyer described PHH's actions to the Times, the lawyer asked PHH to prove its claim.
Unable to do so to his satisfaction, Judge Drain ordered the debt expunged, concluding that PHH had failed to show it had been assigned the mortgage.
http://www.dailyfinance.com/2009/10/27/who-owns-your-home-lo...
British Crown eh?
What about the land from Spain negotiated by treaty via the Catholic Church which relinquished all rights of Spain and the Catholic Church to the land holders in the year 1802 and ratified by our Senate in 1819?
The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.
The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.
The British Crown owns all US land ,fact
No allodial title ,no ownership!
bump
"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI
"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI