(this is a re-post, was deleted in error)
This was interesting today. I get a lot of people that come through the law firm I work at with the most unusual housing situations to see if they qualify for bankruptcy.
Well, this couple bought a home together in 2005 and now cannot afford the mortgage. (adjustable w/neg am). OK, same with just about everybody that walks through my door.
I explained the bankruptcy process to them and told them that two of mandatory items that were needed are 2 forms of ID, one with picture (license, school ID, etc.) and one that shows SSN# or TIN# and the second thing is tax returns for 2005 and 2006.
Guess what? No ID at all. The entire buying process went through with NO IDENTIFICATION at all.
I had them come back with their closing papers from their purchase to see what took place. Well there are no papers in their folder that show any identification number.
How does this happen??? Unbelievable. This couple has been here for 5 years with no identification. I guess they can foreclose on their home and no one will ever know.