So a bank throws away the documentation that proves that they own the house because they want to lie about the documentation to the Bond buyers they are selling the mortgage to...(which includes us, mutual funds, pensions, etc.)
then later on they need to foreclose? Screw the banks, let me get out the worlds smallest violin. The bondholders need to prosecute the banks for fraud.
And if you want to foreclose on me? Prove you own the note, then we’ll talk.
“So a bank throws away the documentation that proves that they own the house because they want to lie about the documentation...”
LOL!
Yeah! That’s it !
They did it on purpose because they wanted to lie about it.
Boy! You’re sure showin’ ‘em now!