mortgages: The Real "Home Wreckers"
- 02/13/09 01:25 PM
"Home Wreckers -- How Banks Are Making the Foreclosure Crisis Worse...What Happens Now?" is Business Week's lead story this week (Issue of Feb. 23, 2009). Finally, a major national publication has picked up on and researched the dirty-and-getting-truly-filthy story of how banks are handling bank-approved sales and foreclosures: And I quote: "One reason foreclosures are so rampant is that banks and their advocates in Washington have delayed, diluted, and obstructed attempts to address the problems....The industry strategy all along has been to buy time and thwart regulation..." Any agent who has handled one of these transactions knows all too well how … (1 comments)
Award-winning agent, team leader and HGTV "Bought & Sold" cast member Roberta Plutzik Baldwin ruminates on the real estate biz from a New Jersey/so-close-to-NYC perspective. Follow The Team at twitter.com/TheBaldwinTeam.
"Home Wreckers -- How Banks Are Making the Foreclosure Crisis Worse...What Happens Now?" is Business Week's lead story this week (Issue of Feb. 23, 2009). Finally, a major national publication has picked up on and researched the dirty-and-getting-truly-filthy story of how banks are handling bank-approved sales and foreclosures: And I quote: "One reason foreclosures are so rampant is that banks and their advocates in Washington have delayed, diluted, and obstructed attempts to address the problems....The industry strategy all along has been to buy time and thwart regulation..."
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