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Why New York's Home Foreclosures dropped like a rock

Dec 20, 2010

http://www.dailyfinance.com/story/real-estate/new-york-foreclosures-grind-to-halt/19767556/

It seems that mortgage companies now have to swear that they have checked to see if their mortgages were robo-signed or not. They have to be sure that they really do own the mortgages fair and square before foreclosing.

What a tough requirement! Foreclosures dropped from 800 to 100.

Don't you wish every state would require this?


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Category: News Commentary

Dr. Stephen Jones


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