Economic Charts

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Saturday, October 2, 2010

Mortgage Foreclosure Fraud

With an increasing number of large banking institutions freezing foreclosures because they don't have clear title to the property, Congressman Grayson points out that mortgage foreclosure fraud is running rampant and seems to be big business.  Bank of America has now announced freezes on its foreclosures adding to an ever growing list of banks now announcing foreclosure freezes.  What a mess this mortgage situation is, most banks don't even know what they own the property or if they can foreclose on it.

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