This story is fantastic. A homeowner is being foreclosed on. The homeowner's lawyer decides to ask the bank to PROVE they actually hold the mortgage to the home. Well, apparently, during the "heyday" of mortgage lending, selling and securitizing, the lenders forgot to keep good paperwork. The lender, in this case PHH mortgage could not prove they actually are the mortgage holder. Therefore the judge set aside the mortgage!
This is fantastic and is actually a tactic I used in the Individual Ready Reserve (IRR) call up. The agencies / banks / Government make statements as if they are fact. Ask them to prove their statements and usually they are so screwed up they cannot prove anything. This, by the way, is why they generally ask you to sign things forcing you to arbitration because they know they are screwed up.
I say "take them on". Force them into so much paperwork it drowns them. Screw these assholes and play their game. You will be surprised at just how incompetent they truly are.
You Can Resist Even if You are In The Military!
