Friday, October 8, 2010

Banks Already up to their usual tricks

The banking industry is already trying to use tactics to scare Congress into believing that a nationwide foreclosure timeout would be bad. Let's just forget about due process and let the banks do as they please even if it means technically breaking the law? That's a bad idea as well. Yes, I realize that deserved foreclosure occurs when the home-debtor decides to no longer make timely monthly payments. I still, however, have problems with banks that fail to provide accurate proof of ownership and complete paperwork to the courts. Here's the industry's dribble.

Letter From Banks to Congress on Risks of Foreclosures

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