I’ve been in contact for with attorneys involved in foreclosure defense. One thing they stress is that a significant number of their clients facing foreclosure has made every single mortgage payment. Read that again.
Now how can that be? It’s actually very simple.
http://www.nakedcapitalism.com/2010/11/servicer-driven-forec...
One number that stood out for me:
Thompson estimates that servicer-driven foreclosures represented about 50% of the cases she handled.
I’ve been in contact for with attorneys involved in foreclosure defense. One thing they stress is that a significant number of their clients facing foreclosure has made every single mortgage payment. Read that again.
Now how can that be? It’s actually very simple.
http://www.nakedcapitalism.com/2010/11/servicer-driven-forec...
One number that stood out for me:
Thompson estimates that servicer-driven foreclosures represented about 50% of the cases she handled.