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Wells Fargo may have used practices that prompted rivals to "halt" home repossessions

According to Naked Capitalism

GMAC announced a foreclosure halt in all 50 states; JP Morgan and Bank of America have stopped in 23 judicial foreclosure states.

Or have they? Florida is a judicial foreclosure state, and local reports suggest the banks are pressing forward with foreclosures. Note the inconsistencies between the statements of the bank employees versus the action on the ground.

by gk (gk) on Thu Oct 14th, 2010 at 06:10:14 AM EST
[ Parent ]
No surprise in Florida. A bank friendly state government and friendly judges have created "Kangaroo" foreclosure courts that allow 90 seconds for the defendants to make their case, according to one report I posted previously.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 14th, 2010 at 09:42:58 AM EST
[ Parent ]

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