Feb. 22 (Bloomberg) — Joe Lents hasn’t made a payment on his $1.5 million mortgage since 2002.

That’s when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton, Florida. The Seattle-based lender failed to prove that it owned Lents’s mortgage note and dropped attempts to take his house. Subsequent efforts to foreclose have stalled because no one has produced the paperwork.

“If you’re going to take my house away from me, you better own the note,” said Lents, 63, the former chief executive officer of a now-defunct voice recognition software company….”

More at Bloomberg.com

Comment:

Note the following:

The borrower was once the CEO of a company.

Note that his loan was for over a million.

Note that he didn’t make one solitary payment on it.

Does that sound like an impoverished, innocent, hornswoggled victim in need of charity to bail him out?

Sounds more like a speculator who never intended to make good on the loan…..