I can't believe that two full years after the first signs of this crisis were becoming plain for all to see, we are still sitting here talking about how to prevent foreclosures.
Are the other banks sort of ignoring reality here?
But what are they doing differently? That is my question.
It would make sense.
Foreclosure is not an abstract concept. It's very real pain for American families.
Most people in foreclosures work hard and play by the rules.
Nobody wins, obviously, when a bank has to sell a house at auction for less than it would get it if simply were refinanc...
Foreclosure is not an abstract concept. It is a very real pain for American families.
Nobody wins when a home is foreclosed upon.
It's the loss of a home. It's the anguish of having to uproot your family.
I find this a despicable practice and I have gone after the people who do it.