Now that all fifty states have launched a joint investigation into fauxclosuregate, it’s probably time to soberly address the fact that nearly everyone who has been ‘victimized’ by robo-signers and foreclosure mills is in default on their home loans. I know there are cases—or at least, one case—where people have been wrongfully foreclosed upon. But there is little evidence that banks are engaged in any systemic practice of throwing people who do not have mortgages or are current on their mortgages out of their homes. The typical person who is fighting foreclosure on “show me the note” grounds is someone who has stopped making payments on their mortgage but refuses to surrender their house to the bank. Some of them may not even be suffering from financial hardship—other than having taken on debt that they cannot afford.