Shoddy Paperwork in the Race to Foreclose; Now Big Banks Face Nationwide Moratorium
The spate of foreclosures in the U.S. might be coming to a halt. Homeowners have long been complaining that banks use improper documentation to seize their homes. Their clamoring became so loud that lawmakers and banks have finally taken notice. Now, several of the big guns in banking have declared a nation-wide moratorium on foreclosure [...]
