Foreclosure Loophole?

Have you ever heard the saying "live by the sword, die by the sword"? Well apparently that's what might be happening to mortgage lenders. The lending industry has often often the beneficiary of mountains of paperwork that so befuddled homeowners that they just signed without bothering to read the bold print, let alone the fine print. Well, for the time being it appears that this has come back to bite them. Homeowners are using the PROVE IT DEFENSE to stall the foreclosure process. By requiring the lender to produce the ORIGINAL documentation requiring repayment of the loan. Because of the multiple resales of the note and the enormous cost to store documentation, lenders are having a difficult time producing the requested documents. This is proving to be an effective strategy for delaying the foreclosure process.