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I can't speak to the numbers, but I've read about foreclosures thrown out of court by judges in the WSJ and Economist, so it has happened -- at least in the ear
by Duff 16y ago
I can't speak to the numbers, but I've read about foreclosures thrown out of court by judges in the WSJ and Economist, so it has happened -- at least in the early days of the mess.
- yummyfajitas 16y agoAs you noted above, a foreclosure might fail for more reasons than simply foreclosing on someone who doesn't deserve it. Every case I've read about has simply involved the bank screwing up paperwork and a real estate speculator being permitted to keep the house even though they failed to make payments.
- jbooth 16y agoIf I screw up the paperwork on my end, the bank slaps me with 20k in legal fees at the drop of a hat. Just for reference.