Foreclosure Fraud for Dummies
There’s a simple reason why lenders, loan servicing companies, and foreclosure-mill law firms are taking illegal shortcuts dealing with foreclosures. The process of handling defaulted loans has never
Palm Coast, FL – October 20, 2010 – There’s a simple reason why lenders, loan servicing companies, and foreclosure-mill law firms are taking illegal shortcuts dealing with foreclosures. The process of handling defaulted loans has never been streamlined. Much like a real estate closing, it is very labor and paperwork intensive as well as procedurally exacting. The sheer volume of foreclosures simply overwhelmed the system.
I found a series of five blog posts by Mike Konczal entitled "Foreclosure Fraud for Dummies." They provide a detailed description of the problem. I highly recommend them.
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