First, the New York Times reports on the incredible delay in foreclosures…..it would take 62 years to clear all the foreclosures from the pipeline in New York and more than a decade….New York Times
The backlog ain’t because of defense lawyers, it’s because the banks blew the most basic elements of their own laws…..Read Naked Capitalism and especially what the Florida Bankers submitted to the Florida Supreme Court…
This is not good….it’s a symptom of a much bigger problem that is and will continue to have disastrous consequences…..
