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To: tobyhill
Show me an example of where the banks foreclosed on the wrong property?

Google is our friend:

http://www.foreclosurelistings.com/content/foreclosures/couple-from-new-bedford-filed-a-lawsuit-wrong-foreclosure.htm

http://www.lasvegassun.com/news/2010/jan/02/they-forclosed-wrong-house/

http://www.tampabay.com/news/business/realestate/bank-of-america-forecloses-on-house-that-couple-had-paid-cash-for/1072632

http://www.thelaw.com/forums/showthread.php?t=44109

There are many more examples. These banks, and their employees, deserve to be criminally prosecuted for their actions. It was their stupidity in lending money to people who could not pay it back that in part led to this mess, and now the same sloppiness plagues the foreclosure process. If the banks suffer more missing payments from deadbeat borrowers who should be foreclosed on because the banks insisted on foreclosing on the wrong properties... then oh well, they should get the process done right first.

20 posted on 10/05/2010 4:20:31 PM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: pnh102
If the banks suffer

The banks won't suffer. It's the beleaguered taxpayer, who will eventually have to bail out the reckless bankers, who will suffer. It's the would-be homeowner, who has been waiting and waiting for houses to reach an affordable price, who will suffer.

109 posted on 10/20/2010 3:53:35 PM PDT by giotto
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