“The solution now being considered is for municipalities to simply take ownership of the mortgages through eminent domain. This would allow them to clear title and start fresh, along with some other lucrative dividends.”

This makes much more sense and would allow the lost state pension and trust funds to be replenished.

Meanwhile, if the current administration were smart – they’d call a moratorium to foreclosures, evictions and deficiencies and investigate the massive amounts of bank frauds against the homeowners and enable the municipalities to get organized.