Fox Lake Towing and Recovery

When Banks Outsource Foreclosures, Nothing Good Happens

by on Feb.11, 2011, under Towing

Foreclosure

A Louisiana bankruptcy case involving a single foreclosure best illustrates the problems with the banks’ outsourcing their mortgage default work to firms like LPS. The result of this money-saving maneuver by banks winds up costing everyone else dearly.

Continue reading When Banks Outsource Foreclosures, Nothing Good Happens

When Banks Outsource Foreclosures, Nothing Good Happens originally appeared on DailyFinance on Fri, 11 Feb 2011 21:40:00.

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