Originally Posted by stocktrader23

There are problems with mortgage backed securities being sold to multiple people at once, unclear ownership and several other illegal practices that have been called into question around the country, many with litigation ongoing. Not all foreclosures are illegal of course but they are still actively taking peoples homes knowing that they are in the wrong on at least some of them.

Supreme Court casts doubt on Massachusetts foreclosures.

State accuses Bank of America unit of thousands of illegal foreclosures

Banks hoping to settle with states over mortgage abuses and squash future liability.





US To Sue Big Banks Over Mortgages



More importantly.



Banks should not be actively taking homes from people when their entire process has been called into question, they are facing lawsuits from all angles, many foreclosures are being blocked and others have been found as probably or definitely illegal.