Economy Watch- In Jeapordy of Foreclosure? - Say Three Words

Here is a video from ABC News that if for some reason you should end up in jeapordy of foreclosure, you should say these three words to possibly stall those procedings, "Produce the Note":

http://cosmos.bcst.yahoo.com/up/player/popup/?cl=12195482


My Comment: With all the complex wiz-bang and improperly regulated transactions that partially led to this housing crisis in the first place, it seems that banks can't find the original notes for some of these properties given the mulitple number of times these mortgages had been repackaged/rebundled all in the name of liquidity via securitization, lowered risk and profit. Where is the liquidity and lowered risk now? ......... Thought so! The profit has already been taken. ◦

Economy Watch- In Jeapordy of Foreclosure? - Say Three Words