Mortgage, What Mortgage!?

A slimy ex-CEO in Boca Raton stopped paying his mortgage in 2002 and forced his bank to provide evidence that they owned his bank note. They have not been able to produce the necessary paperwork in foreclosure proceedings and he's still living in his home. Of course, he probably has had to defend himself in court which can't be cheap. But, it's probably less than he would have payed for his $1.5 million mortgage in a year. According to experts, about half of all mortgages in the U.S. may not have the necessary bank note paperwork. Seems like a sneaky way to get out of your personal obligations, but in the U.S. where there's a crook there's a way.