Where's the proof?

[Mitsu O'Riley]

There are a lot of questions on weather a foreclosure can be delayed or stopped by asking the bank to prove the owner owes that bank. It is something that is happening, and is 100% legal. The bank is the Plaintiff, and the homeowner is the Defendant. The Plaintiff has to provide documents to prove they are owed the money they are foreclosing over.

Here is the link for an Associated Press Article I found on the FAR site.
http://www.floridarealtors.org/NewsAndEvents/n2-021809.cfm

I know some of you think this is a bad thing, but not necessarily.
Less REOs or slowing of the amount of REOs is not a bad thing. It helps keep the prices from plummeting more. I saw a stat (a couple of months ago) that said 1 in 59 homes in Fort Meyers is an REO. Do we need more?