Lucrative “foreclosure factories” spark nationwide investigation

Your neighborhood, through the eyes of a "foreclosure factory".

Mounting evidence indicates shady business practices are rife among big banks foreclosing on homeowners. But new evidence shows some foreclosures were not only improper or unnecessary – they may have been outright illegal. Last year, consumer attorneys accused five major banks of filing tens of thousands of wrongful foreclosures each year. State and federal prosecutors […]

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