As multiple lawsuits and SEC actions progress in relation to the nation’s mortgage mess, it’s becoming clear that the misbehaviors of the lawyers involved at all stages were not isolated incidents: The misconduct was systemic, …
The Financial Crisis Inquiry Commission’s report concludes that ineffective regulators and big banks were the primary causes of the financial meltdown. Next stop: Government and class action lawsuits to recoup some of what we a…
Lee County, Fla., has become infamous for the “rocket docket” — its system of speeding foreclosure cases through the courts. DailyFinance spoke with the Lee County Clerk who says the super-charged system was his idea.
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Las Vegas topped the U.S. foreclosure list for 2010. And while foreclosure activity increased from 2009 in most of the nation’s largest metropolitan areas, it actually decreased slightly in the worst hit cities.
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Yet another problem has begun surfacing in the documents banks have been using to foreclose on homes: false notarizations. Notaries have been attesting legally to signatures they didn’t witness, sometimes by people who didn’t a…