Way Out

While it doesn't address the specific legal issues surrounding the foreclosure mess, you could reduce the foreclosure mess by... reducing foreclosures... and you could do so in a fair way which hits both lender investor and borrower by allowing bankruptcy judges to deal with all of this. Won't help the servicers, but they're just predators at this point.

It was a good idea four years ago. If it was implemented the magnitude of this mess would have been greatly diminished. It's still a good idea now.

I might be wrong, but I truly believe that one little change in law would have improved the universe in immense ways, and I don't just mean because it would have helped troubled homeowners. It would have helped most stakeholders.