Öffentlicher Bereich » Wharton real estate prof

In order to check that because a program error or fraud that may exist in the case of defects Ichiro Suzuki Marlins Jersey , a large mortgage company to suspend the foreclosure process, this announcement as they are already weak real estate market is weak injected new uncertainties. Wharton faculty and real estate analysts say, even though not many in this examination will be withdrawn foreclosure homeowners, however, the check for the real estate market has added confusion, but also delayed the troubled market recovery.

In this troubled industry suffered many defeats, it is subject to foreclosure confusion is the latest blow, and took place in a new generation of potential home buyers own their own homes to rethink the traditional dream of when the mouth. For a large part of people to buy houses and do not have much significance. Own their own homes in other areas will reduce the flexibility of looking for work Ryon Healy Youth Jersey , while also taking up more of the investment products available for purchase the first payment. "In the housing market boom, we have forgotten the experience.

Found that employees in violation of procedures, trying to casually handle foreclosure cases, the United States in the leading three home mortgage services JPMorgan Chase, GMAC and Bank of America - in 23 states to suspend further action, the state requires that only ransom cases need to be subject to judicial review. Bank of America, a robo-signer (usually thick foreclosure hundred pages of documents, there are dozens of signatures required Kyle Seager Youth Jersey , "signature robot" came into being. Their daily job is to sign a document 50-150, in addition to the date , they, like robots, not verify the contents in detail, it got its name) admits that, despite legal requirements, the signatory must personally review all the documents Dee Gordon Youth Jersey , but he signed up to a month or 10,000 foreclosure cases . Subsequently, Bank of America extended in all 50 states temporarily stop the foreclosure process time.

Wharton real estate professor Susan Wachter that because of the foreclosure freeze foreclosure can not get into the real estate market, and provided to some families to raise enough money to keep their homes is another opportunity, so This measure may temporarily boost the housing prices. However, she also said that most of the current freeze on foreclosure cases will eventually thaw. Therefore, "now measures only delay the process of cleaning up the market."

Wharton real estate professor Georgette Chapman Phillips talked about, even though she no longer call it fraud Randy Johnson Youth Jersey , however, lenders may indeed have committed the fault of forged documents. She also added about, delay or cancellation based on the error file the foreclosure process, would create new moral hazard, which could cause more homeowners to stop to pay its mortgage. "This is the secondary market by the banks and created terrible confusion. While lenders so-so, but borrowers do not claim to fraud in the loan process. We can not ignore the entire mess, the in the most the bottom are those for failure to pay the m m/]Cheap Jerseys Free Shipping[/url] Cheap NFL Jerseys China