“One of the major problems that has emerged in the foreclosure crisis is that it is far from clear that many lenders foreclosing on properties actually own the loans and have the right to take action against them. In many cases during the housing bubble that burst in 2008, original mortgages were repackaged and sold to so many investors that it is now unclear who actually holds the loans.”
So naturally banks are using fraudulent documents to back up their claims that they hold the mortgages to homes that they don’t own the mortgages on. It’s thievery, pure and simple, when a bank presents falsified documents claiming they own houses when they don’t, and then forecloses on them. This fraud and stealing is rampant all over the United States.
