60 Minutes Story on Bank Mortgage Forgeries
“60 Minutes” this week ran a revealing story on how banks cut corners when they bundled homeowners’ mortgages into securities by resorting to forgery and phony paperwork in what looks like a nationwide epidemic. In a shocking large amount of cases, there is no legal way for banks and servicers to prove their claim on the houses they are attempting …
Read More2005-2009 San Diego Foreclosure Statistics
Despite a slight decrease in foreclosures in the month of February 2010 (2% decline claimed by RealtyTrac), March national data has seen an increase of about 8% and the first quarter of 2010 an increase of around 7% in foreclosures. The results don’t help to increase confidence in an already fragile American economy. What about data closer to home, what …
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