This is interesting -
“More mortgage lenders are winding up in court for various reasons, said Sam Garcia, publisher of Mortgage Daily, but foreclosure cases made up the bulk of cases tracked in the second quarter.
“The bottom line is money,” Garcia said. “In 2006 and prior, everybody was making money and nobody was suing. But now that they’re losing money, people are trying to figure out ways to recover money.
Cases involving investors shot up as well as cases involving criminal activity within a bank.” Click here for the full story
Copyright © 2011 the Tampa Tribune, Tampa, Fla., Shannon Behnken. Distributed by MCT Information Services
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