Wednesday, November 10, 2010

U.S. Mortgage Foreclosure Dismissals: Soaring?

Washington Post reports a mind-boggling statistic:

[Long Island Judge Jeffrey] Spinner and some of colleagues in the New York City area estimate they are dismissing 20 to 50 percent of foreclosure cases on the basis of sloppy or fraudulent paperwork filed by lenders.

- Garry J. Wise, Toronto
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