There are 2 sides to the Foreclosure mess.

 

Side 1 Where homeowners used the equity in there homes as a piggy bank with refinances for 2nd loans.

 

Side 2 Where banks did not explain the weird loans the borrowers were being placed in.

 

Now for the back end mess,  the dirty dealings and forged signatures.  Read the sworn statements taken by the Florida AG office in there investigation.

 

http://www.sacramentograpevine.com/blog/view/id_453/title_florida-foreclosure-investigation/

 

6 Comments on The other side of the Foreclosure mess

OCT
20
2010
112,799 Points

oh yeah.....there is some CRAZY stuff going on.  I have been doing short sales for the past 5 years for agents and can PROMISE you, if everyone knew ALL the funy business going on, nobody would bother with short sales......
10:00am • #1
163,110 Points Called Shot Master

Ben

With all the funny business going on on with the Foreclosures what will happen if the State of Florida overturns 10% of the foreclosures and the average families who purchased them from the banks ?

I can see a new bunch of lawsuits.
10:07am • #2
OCT
24
2010

Banking in today’s world is an absolute mess, and it’s probably still going to get worse before it gets better.
9:38pm • #3
OCT
31
2010
160,156 Points 15 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I agree with Russel. It will get worse before it gets better!
12:23am • #4
163,110 Points Called Shot Master

Yes I agree,  we have a least 1 more year of this mess.
4:09pm • #5
NOV
26
2010
160,156 Points 15 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Both sides are at fault, and in the end, everyone suffers!
9:04pm • #6

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Sacramento Grapevine

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