Full Disclosure: A Tale of Two Processes

Blecher, Herb
October 2011
Mortgage Banking;Oct2011, Vol. 72 Issue 1, p26
The article focuses on the foreclosure inventories of loans in California. It says that completing the foreclosure process varies from state to state which affects the regional housing markets. It mentions the factors which inflated the rates of delinquency such as delays due to loan evaluation and ensuring proper documentation. Furthermore, the foreclosure process reviews caused foreclosure sales to drop across U.S. states which resulted in an overhang of distressed properties.


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