in the 08 crash there where some people that won their house in court, due to the industry using a practice called Robo-Signing. Some judges saw this as irreparably separating the mortgage from the deed. So while you technically still owed for the mortgage you signed, the asset could not be reclaimed due to the fracture of the mortgage from the deed due to robo-signing. The practice was used to move mortgages around while not having to pay filing taxes every time it changed hands. It robbed local municipalities of a lot of money in avoidance. So some judges frowned on the practice and basically awarded the house to the owner. Whether you would win your case or not was hit or miss though.
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in the 08 crash there where some people that won their house in court, due to the industry using a practice called Robo-Signing. Some judges saw this as irreparably separating the mortgage from the deed. So while you technically still owed for the mortgage you signed, the asset could not be reclaimed due to the fracture of the mortgage from the deed due to robo-signing. The practice was used to move mortgages around while not having to pay filing taxes every time it changed hands. It robbed local municipalities of a lot of money in avoidance. So some judges frowned on the practice and basically awarded the house to the owner. Whether you would win your case or not was hit or miss though.