The foreclosure crisis has created a jumble of horrific scenarios, from bank-hired “contractors” who break into people’s houses before foreclosure proceedings have begun to vast swathes of land that have been slated for development and subsequently abandoned.
Amid all the extreme cases, it’s important to note that the actual foreclosure paperwork is turning out to be incredibly fraudulent, multitrillion dollars’ worth of securities could be jeopardized by how poorly they were made. The resulting impact on the financial system could potentially be devastating. With that in mind, take a look at Horror Stories From the Foreclosure Crisis.