caro:

Key point:

“What isn’t part of our job, however, is to carry out work on behalf of the multi-billion-dollar banks and mortgage industries.

Too many times, our deputies arrive at a home to carry out a mortgage foreclosure eviction, only to find a tenant — dutifully paying their rent each month — who is unaware their landlord stopped using that rent money to pay the mortgage. They had no fair warning that they were about to be thrown out of their home.

That’s because, in many cases, the banks have done nothing to determine, in advance, who’s living in the building — even though it’s required by state law. Instead, those banks expect taxpayers to pay for that investigative work for them.”

Here’s an interesting twist/situation in the mortage crisis. Look at how they’re doing it in Chicago.

1. williamalexander reblogged this from caro and added:

   Here’s an interesting twist/situation...mortage crisis. Look at how they’re doing it

2. barbara reblogged this from caro
3. alexbeaudet reblogged this from caro
4. caro posted this