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Legislators are worried about foreclosures based upon faulty paperwork. My comment to the moratorium on foreclosures as banks realize there is no clear title on properties that were sliced and diced with mortgages going all over the place in CDO's is as follows:
It is called "constipation". The banksters will be losing value on their books daily. No one should buy a house because they are all overpriced now. All of them.
And title insurance may not protect you if you cherry pick on the courthouse steps. This will rip the banksters and I hope end the hope of securitization forever. Don't count on that though, because banksters still want to steal you blind.
Read » Banksters Are Facing Major Constipation and Possible Insolvency.



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