Foreclosure Mess: How Much Worse Can It Get?

Discovery of a sea of corrupt paperwork threatens to make the U.S. foreclosure epidemic--already bad--significantly worse, delaying resolution by months or years. It's not as if foreclosures weren't a big enough mess already: In August, according to real estate data firm RealtyTrac, lenders foreclosed on 95,364 U.S. properties--the highest monthly total since May 2005, when the company first began its tracking. In 19 states the number of homes seized by lenders at least doubled: in seven states...Full Story
Commenting on this article is closed.