You need to know this. The foreclosure fraud scandal may be worse than we all think.
An audit of 400 foreclosures in San Francisco found that 99% of them had "legal problems or suspicious documents." This new finding comes after the recent $26 billion mortgage settlement between 48 states and the 5 biggest mortgage lenders on Wall Street.
Many argue that $26 billion is not nearly enough to compensate for the damage these banks did to millions of families through fraudulent foreclose practices - and this recent study out of San Francisco appears to back that claim up.
-Thom
(Do you think there is worse to come? Tell us here.)
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