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Banks Foreclose on Homes They Don't Own

Don't know if this was reported here or not, but I'm posting this just in case.

http://sbeckow.wordpress.com/2010/10/03/banks-foreclose-on-h...



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SteveMT's picture

The king of [illegal] foreclosures is Nevada...of course!

Las Vegas suffering like never before
By ADAM NAGOURNEY
Last update: October 2, 2010 - 6:03 PM

...Unemployment in Nevada is 14.4 percent, the highest in the nation and a stark contrast to the 3.8 percent unemployment rate there just 10 years ago; in Las Vegas, it is 14.7 percent.

August was the 44th consecutive month in which Nevada led the nation in housing foreclosures.

The Plaza Hotel and Casino, which is downtown, recently announced that it was laying off 400 workers and closing its hotel and parts of its casino for eventual renovation, the latest high-profile hit to a city that has seen a steady parade of them.

"It's been in bad shape before, but not this bad," said David Schwartz,

http://www.startribune.com/nation/104212478.html?elr=KArks:D...

Bump for...

reading later..

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