More than five million US homeowners and counting have had their homes foreclosed upon by banks since the "economic crisis" first began several years ago. But the Massachusetts Supreme Court recently ruled that the vast majority of the foreclosures that took place in the Commonwealth (and likely in most other states) within the past five years are illegitimate because the banks did not, and do not, actually hold the promissory notes for the properties.

This means that all mortgage payments made to banks for illegitimately foreclosed upon properties are fraudulent since such banks do not technically own the properties in question.

excerpt :

http://www.youtube.com/watch?feature=player_detailpage&v=Cmg-41xACTA#t=424s

repayment of mortgages not going back to the holders of the mortgage owners, because of mistracking or destruction of title histories ?

"another stage in the ponzi scheme ?"

"3rd degree felonies ?"