Foreclosure-gate ~~ your thoughts?

[lookinupn09]

Yes, the crux of the current "problem" is what they call locus standi. I actually argued that in an answer to relief from the automatic stay, but then I gave up, as my "modification" came through anyhow and I was current. Standing is always something that the movant/plaintiff should have and if they don't, you can actually get a foreclosure that has been completed through the sale and even a new deed issued, rescinded and void.

That idea, if it gains traction, will stall any movement in the housing market for a very long time.