I was surfing the net tonight and came across an interesting article. With all of the turmoil that has risen over the past year involving the economy people have really begun doing what they felt was needed to survive. Thousands of people have literally no where to go if they're forced to vacate their homes. MSNBC discovered one lady in Florida who may have found a loop hole:
During the real estate frenzy of the past decade, mortgages were sold and resold, bundled into securities and peddled to investors. In many cases, the original note signed by the homeowner was lost, stored away in a distant warehouse or destroyed. Persuading a judge to compel production of hard-to-find or nonexistent documents can, at the very least, delay foreclosure, buying the homeowner some time and turning up the pressure on the lender to renegotiate the mortgage.
More than 2.3 million homeowners faced foreclosure proceedings last year and millions more are in danger of losing their homes. On Wednesday, President Obama will unveil a plan to spend at least $50 billion to help homeowners fend off foreclosure.