Wrongful Foreclosures Lawsuits -- More Nightmares For Mortgage Lender S

Wrongful Foreclosures Lawsuits -- More Nightmares For Mortgage Lender The foreclosure crisis is expected to keep in next year and beyond. Real estate confirming entities, for example Realty Trac, a well known foreclosure tracking company , predicts more... More

Wrongful Foreclosures Lawsuits -- More Nightmares For Mortgage Lender The foreclosure crisis is expected to keep in next year and beyond. Real estate confirming entities, for example Realty Trac, a well known foreclosure tracking company , predicts more than a million house foreclosures will exist in 2011, that is slightly more than occurred in this year. The foreclosure freeze, placed in effect with a number of big banks in 2010 , but now entirely bloom again , will have a good affect on the rise in house foreclosures in next year. The real estate industry has been upside down since the crash of the mortgage industry in 06 which arose out of what is known as "toxic Mortgages" issued to millions of homeowners that contained adjustable interest rates and negative amount schedules. Thousands of these mortgages were placed on the books and given to individuals who really didn t qualify and whose financial documentation was often fraudulently submitted through mortgage brokers and sev Less