Guest, Tom Deutsch, deputy executive director American Securitization Forum. People calling in whose homes have been foreclosed through no fault of their own, according to them.
The word "mistake" being thrown around. Mr. Deutsch minimizing (IMO) the whole thing.
In my view, the subtext of the whole program is that this is a minor issue. No need to worry. I think this will all be swept under the rug, Obama will cave to the banks, again. Mr. Deutsch is doing his part to be an apologist.
Someone here on DU said a few days ago that in real estate law everything goes to "chain of title". I don't see how there can be valid chain of title on millions of homes.
I'm hearing Mr. Deutsch say in effect, "It's all good. No problem, no foul"
Mark my words, nothing will come of this. The banks will walk away free and clear. :mad: :mad:
Link to show:
http://thedianerehmshow.org/shows/2010-10-19/addressing-foreclosure-crisis