Behind foreclosure corner-cutting, troves of missing documents

Posted on July 19, 2011 by admin

Behind foreclosure corner-cutting, troves of missing documents
NEW YORK (Reuters) – Why have sketchy mortgage procedures been so difficult to root out? Some lawyers blame misguided efforts to cut costs. Most foreclosures are uncontested, they note. And so servicers save money by avoiding costly searches for missing original documents or hiring additional staff to deal with the surge in foreclosures.

Read more on Reuters via Yahoo! News

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