1/3 of foreclosures may be complicated by sloppy paperwork

Voltron says: In many cases transfer fees or taxes should have been paid by the bank when the mortgage was securitized. Oops I guess they forgot to pay. Now the jurisdictions that got ripped off by the banks might get revenge by refusing to enforce the lien in foreclosure.

http://www.businessinsider.com/a-third-of-mortgage-backed-securities-may-be-missing-the-underlying-mortgage-2009-4