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Making Sure Wrong Home Isn't Seized.

Authors :
Lepro, Sara
Source :
American Banker; 3/9/2010, Vol. 175 Issue 36, p1-11, 2p, 1 Color Photograph
Publication Year :
2010

Abstract

The article presents a discussion of the problems which can arise when banks foreclose on the wrong home by mistake. Such instances are said to be quite rare, but the enormous volume of foreclosures stemming from the global financial crisis which began in 2008 has led to an increase. This can produce serious public relations problems and legal liabilities for the banks involved.

Details

Language :
English
ISSN :
00027561
Volume :
175
Issue :
36
Database :
Complementary Index
Journal :
American Banker
Publication Type :
Periodical
Accession number :
48492524