Relevant:
- company that pursued foreclosures defaults on its own loan
- Investors Putting Bad Loans Back To Lenders - This Is Only The Beginning.
- Americans face post-foreclosure hell as wages garnished, assets seized
- NIA Discusses WikiLeaks, Bernanke, and Hyperinflation
- Did Some Type of Insurance or Credit Default Swap Pay Off Your Mortgage?
2010-10-14 — zerohedge.com
"Without an economic incentive to foreclose, it would not be in the bank shareholders best interests to pursue foreclosure even though borrowers clearly defaulted & owe money to the lender. The economics of distressed assets in mortgage and commercial banking are quickly changing. I am quite open to discussing this in the mainstream media if any are interested in hearing the “Truth go Viral!â€"
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