Court in Utah Strips Mortgage off Property!

http://www.sltrib.com/sltrib/home/51006287-76/mers-property-mortgage-loan.html.csp?page=1#

A Utah court case in which the owner of a Draper townhouse got clear title to the property, even though he still owed $132,000 on it, raises new legal and financial questions about a property-records database created by mortgage bankers.

The award of a title free of liens means that whoever owns the promissory note on the Draper property — likely a group of faraway investors — no longer has the right to foreclose to collect on a delinquent loan. Indeed, the townhouse owner has sold the property and kept the money. Those who own the promissory note probably don’t even know what occurred..

This is just wrong!!!!!!!!!!  I have to pay my mortgage, so does most of the American public.

3rd District Judge Glen Iwasaki  you are WRONG!!!!!! Just because the mortgage company screwed up, it doesn't change the fact that he still owes SOMEONE the money!  Maybe our government would stop  handing out money to the banks (TARP) if Judges stopped giving away houses. 

http://www.huffingtonpost.com/mike-lux/the-politics-of-the-forec_b_808805.html

Why not just write off  every CURRENT American home owner in the MIDDLE Class 's mortgage instead of just  those who have been living in their homes for free for years!!


SORRY this just makes me mad!  LIke most of you I go to work to pay my mortgage, no one is going to hand me $123,000.