BUSINESS

Disorganization At Banks Causing Mistaken Foreclosures

07/05/2010 05:12 am 05:12:02 | Updated May 25, 2011

Millions of homeowners face losing their homes in the continuing foreclosure crisis, but homeowners often have more than the struggling economy and slumping house prices to worry about: Disorganization within the big banks that service mortgages has made a bad problem worse.

Sometimes the communication breakdown within the banks is so complete that it leads to premature or mistaken foreclosures.

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