"Foreclosinators" See Pushback

Lenders have been working through a torrent of foreclosures as homeowners default in record numbers.

Unfortunately, they've not been able to keep up with the workload and may have cut a few corners.  Over the last few weeks, details about automated foreclosure filings have emerged.

Some lenders used "robo-signers" to process thousands of foreclosures every week, resulting in foreclosures that never should have happened.  Even a man who paid cash for his home - with no loan outstanding - was affected.

Now, borrowers and attorneys are taking a close look at foreclosure filings and fighting back. Lenders have also moved away from robo-signing after criticism from consumer advocates and scrutiny from regulators.

Further reading:

• Evicted By A Robo-Signer
• Foreclosure? Not So Fast