-->Der Eigentuemer des Hauses mit Hypothek ist schwer lokalisierbar.

unforturnately i can't find the link, but i read that several home"owners" have been able to retain title in spite of not paying their mortgages. their attorneys have been successful in resisting foreclosure because the holders of the debt are so complex - i.e. the note was sliced and diced into various tranches of various cdo's - that judges ruled that it was not clear who had the legal right to foreclose. whether these were just a few poorly written cdo documents or this might be endemic i could not determine.

edit: check out
http://www.itulip.com/forums/showthread.php?t=1433
key quote

-->Der Eigentuemer des Hauses mit Hypothek ist schwer lokalisierbar.
unforturnately i can't find the link, but i read that several home"owners" have been able to retain title in spite of not paying their mortgages. their attorneys have been successful in resisting foreclosure because the holders of the debt are so complex - i.e. the note was sliced and diced into various tranches of various cdo's - that judges ruled that it was not clear who had the legal right to foreclose. whether these were just a few poorly written cdo documents or this might be endemic i could not determine.
edit: check out
http://www.itulip.com/forums/showthread.php?t=1433
key quote


Die Häuser mit notleidenden Hypotheken werden in eine neue Immobiliengesellschaft eingegliedert, die CDOs in Aktien umgewandelt. Bingo,

meint Ecki1