Socialism

Ohio Supreme Court overturns common practice in foreclosures by requiring lenders to prove proof of ownership at the time of filing.

"“This is kind of ‘first-year law school stuff,’” said attorney Andrew Engel, who represented the Schwartzwalds, who said the lenders took a “file first, clean up the paperwork later” approach unheard of in other civil actions."

So why was it allowed?

"But on April 15, the Federal Home Loan Mortgage Corporation, known commonly as Freddie Mac, filed for foreclosure, stating that the Schwartzwalds had defaulted. Freddie Mac attorneys attached a copy of the mortgage, but not a promissory note, stating “a copy of (the note) is currently unavailable.”"

Because Fannie Mae and Freddie Mac are socialist companies. They are owned by the government, so they are above the law. It's nice to the Court fix this.