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Foreclosure Error Flow Charts

Posted By Barry Ritholtz On October 11, 2010 @ 11:30 am In Credit,Foreclosures,Legal,Real Estate | Comments Disabled

Mike Konczal of RortyBomb puts together a spectacular series of flow charts that explain in the simplest of terms how the bank foreclosure process went off of the rails, in Foreclosure Fraud For Dummies.

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How Courts Process Foreclosures

[1]

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Errors Began in the Syndication Process

[2]

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From A-Z, Fraud is Endemic in the Entire Process

[3]

Read his full piece.

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Source:
Foreclosure Fraud For Dummies, 1: The Chains and the Stakes [4]
Mike Konczal
RortyBomb, October 8, 2010
http://rortybomb.wordpress.com/2010/10/08/foreclosure-fraud-for-dummies-1-the-chains-and-the-stakes/

Previously:
Man without Mortgage Loses Home in Foreclosure [5] (September 23rd, 2010)

Florida’s Ongoing Foreclosures Nightmare [6] (September 29th, 2010)

How ‘Flawed’ Is Foreclosure Paperwork? [7] (October 4th, 2010)

Foreclosure Fraud Reveals Structural & Legal Crisis [8] (October 5th, 2010)

See also:
Officials in 40 States May Join in Foreclosure Probe [9] (Bloomberg)

The Next Step in the Foreclosure Investigations [10] (NYT/Dealbook)

Courts Add To Foreclosure Delay [11] (WSJ)


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2010/10/foreclosure-error-flow-charts/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/10/foreclose_101.jpg

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/10/foreclose_101_2.jpg

[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/10/foreclose_101_3.jpg

[4] Foreclosure Fraud For Dummies, 1: The Chains and the Stakes: http://rortybomb.wordpress.com/2010/10/08/foreclosure-fraud-for-dummies-1-the-chains-and-the-stakes/

[5] Man without Mortgage Loses Home in Foreclosure: http://www.ritholtz.com/blog../2010/09/man-without-mortgage-loses-home-in-foreclosure/

[6] Florida’s Ongoing Foreclosures Nightmare: http://www.ritholtz.com/blog/2010/09/florida’s-foreclosures-nightmare/

[7] How ‘Flawed’ Is Foreclosure Paperwork?: http://www.ritholtz.com/blog/2010/10/how-flawed-was-the-paperwork/

[8] Foreclosure Fraud Reveals Structural & Legal Crisis: http://www.ritholtz.com/blog/2010/10/foreclosure-fraud-reveals-structural-legal-crisis/

[9] Officials in 40 States May Join in Foreclosure Probe: http://noir.bloomberg.com/apps/news?pid=20601109&sid=auyWFkwKE6dI&

[10] The Next Step in the Foreclosure Investigations: http://dealbook.blogs.nytimes.com/2010/10/11/the-next-step-in-the-foreclosure-investigations/

[11] Courts Add To Foreclosure Delay: http://online.wsj.com/article/SB10001424052748703358504575544342488365152.html

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