Relevant:
- Richard Zombeck - Below the Fold: Rumor Has It We're Screwed
- The Housing Crisis: Can prices fall even farther?
- $25B deal with banks over deceptive foreclosure practices sent to AGs as settlement nears
- NV State Supreme Court finding flaws in some foreclosure filings
- Public banks can expose MERS fraud, claim houses for local communities
2013-08-12 — boingboing.net
The banks screwed up the title transfers. A lot. They sold bonds backed by houses they didn't own. When it came time to foreclose on those homes, they realized that they didn't actually own them, and so they committed felony after felony, forging the necessary documentation. They stole houses, by the neighborhood-load, and got away with it. The $1B settlement sounded like a big deal, back when the evidence was sealed. Now that Szymoniak's gotten it into the public eye, it's clear that $1B was a tiny slap on the wrist
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