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Old 11-24-2010, 05:48 PM
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Default What is the foreclosure crisis?

People who are being foreclosed on are asking the banks to prove they hold title to the house, banks are having trouble producing the proper paperwork in many cases. Because they can't prove ownership of billions or trillions of dollars that were packaged and sold off as investments the investors are starting to sue for the banks to reimburse them for their money back. Massive bank failure imminent again. Do I have that right? Or is it no big deal, just some paperwork issues?
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