Mortgage Paperwork Nightmares

In the video below, banks have used fake documents and fake signatures to process mortgage documents. People were hired to act as officers of large banks (for only $10 per hour!). The main problem here is homeowners are fighting back which will slow down the process and delay the market correction.

http://www.ritholtz.com/blog/2011/04/60-minutes-the-next-housing-shock/

Leave a Comment

Filed under Real Estate

Leave a Reply

Your email address will not be published.