Reality Check On The Foreclosure Mess In The Housing Market

Another great reason why the American system 'works'?

See also on Naked Capitalism:

• Homes in Florida Seized Without Notice of Foreclosure: Suspicously Large Number of “The Dog Ate My Summons” Filings
• 4ClosureFraud Posts Lender Processing Services Mortgage Document Fabrication Price Sheet
• “Summer” Rerun: The Treasury Doth Speak With Forked Tongue (Housing Bailout Edition)
• Bank of America Halts Foreclosures in 23 States; Connecticut AG Asks State Courts to Suspend Foreclosures for 60 Days
• Regulator Orders Seven Large Lenders to Review Foreclosure Procedures

See also

• Foreclosure Mess Is Expected to Get Even Worse
• Ritholtz: Foreclosure Mess Is a 'Lucy' Candy Skit