Mike Konczal of RortyBomb puts together a spectacular series of flow charts that explain in the simplest of terms how the bank foreclosure process went off of the rails, in Foreclosure Fraud For Dummies.
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How Courts Process Foreclosures
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Errors Began in the Syndication Process
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From A-Z, Fraud is Endemic in the Entire Process
Read his full piece.
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Source:
Foreclosure Fraud For Dummies, 1: The Chains and the Stakes
Mike Konczal
RortyBomb, October 8, 2010
http://rortybomb.wordpress.com/2010/10/08/foreclosure-fraud-for-dummies-1-the-chains-and-the-stakes/
Previously:
Man without Mortgage Loses Home in Foreclosure (September 23rd, 2010)
Florida’s Ongoing Foreclosures Nightmare (September 29th, 2010)
How ‘Flawed’ Is Foreclosure Paperwork? (October 4th, 2010)
Foreclosure Fraud Reveals Structural & Legal Crisis (October 5th, 2010)
See also:
Officials in 40 States May Join in Foreclosure Probe (Bloomberg)
The Next Step in the Foreclosure Investigations (NYT/Dealbook)
Courts Add To Foreclosure Delay (WSJ)
