On 22/10/2010, at 2:39 AM, Nick Arnett wrote: > > There is no question that lenders have violated the law in many ways -- look > at the foreclosure mess right now. The reason they have panicked and stopped > foreclosures is because they realized that they took illegal shortcuts.
Well, that and the fact that the on-selling of risk that led to the meltdown has led to situations where noone is sure who actually owns the security (ie the title) on many properties anymore... And yes, I've heard of enough cases in the States where foreclosures have been attempted, through ineptness or confusion, on properties that were not in arrears. It's a Big Giant Mess. Charlie. _______________________________________________ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
