Professor Christopher Peterson’s November 8 forum at the University of Utah S.J. Quinney College of Law, titled “Foreclosure Fiasco? Lost Promissory Notes and the Mortgage Electronic Registration System,” was covered in a November 9 article published in The Salt Lake Tribune.
The article, “Prof says banks undermined traditional property system,” extensively quoted the presentation, including Peterson’s statement that the 6.6 million foreclosures since 2007 have caused disruption on a scale comparable to a war.
“This is the sort of economic dislocation you’d expect to find with a small civil war,” The Tribune quoted Peterson as saying. “Imagine transplanting more than the entire metropolitan area of New York City in one go-around.”
The article also quoted Steven Ramirez, a professor of law at Loyola University, who responded to Peterson’s comments.