Mortgage fuelled shit fan interface
Via LegIron I came across this, which if true is terrifying. If you’re not even vaguely aware of what’s going on with mortgages in the US then be prepared for a hell of a shock. The bottom line of the article is: Long story short (since this is the short version): A lot of the foreclosed properties might not have been foreclosed legally. The people evicted might still have a right to their old houses. The new buyers might not actually own the REO’s they bought off the banks. The banks could be on the hook for trillions of dollars, … Continue reading
