In the past couple of years, many allegations of wrongful foreclosure practices (such as robo-signing) have been leveled against banks and mortgage service companies. Wrongful foreclosure practices are a very serious matter. Such practices can cause a great deal of harm to homeowners.
Consumers can suffer great harm when lenders and mortgage service companies engage in wrongful conduct when it comes to foreclosures. No consumer should have to be subjected to such wrongful conduct.
When lenders, mortgage servicers or mortgage document companies engage in wrongful conduct regarding mortgage/foreclosure documents, it can result in consumers suffering great harm. Such wrongful conduct can sometimes even result in unlawful foreclosures. No consumer should have to face a wrongful foreclosure because a lender, mortgage servicer or mortgage document company engaged in wrongful document-related practices.
In recent years, foreclosures have become a major issue in Florida and the rest of the country. Recently, the Wall Street Journal reported on some interesting foreclosure statistics. The statistics regard foreclosure activity in the U.S. in 2011's third quarter.
In recent years, a slowdown has occurred in the speed of foreclosure proceedings in Florida. This has led some individuals to say that Florida should perhaps look at changing its current judicial foreclosure system.
Wrongful foreclosure practices by banks can cause great harm to consumers. Such practices can even lead to wrongful foreclosures, which can have many negative impacts on homeowners.