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Disorganization at banks causing mistaken foreclosures

Disorganization at banks causing mistaken foreclosures
May 6, 2010 --

Millions of people 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.