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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (12540)	9/24/2009 11:55:44 AM
From: TimF	Read Replies (2) of 33421

The ruling effectively nullifies bank's ability to foreclose on about 60 million homes because they are no longer party to the mortgage contract. Not really. Its a Kansas Supreme Court decision, it wouldn't apply to all mortgages in the US, only those that are based on Kansas law (maybe mortgages for houses in Kansas, maybe those owned by corporations based in Kansas, or those with a contract that specifying Kansas law)

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