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So You Want to Foreclose on Real Estate, then what?

Residential real estate foreclosures have hit an all-time high, and projections are that they will continue. There are many causes, most of which are greed, spun by sale and resale of subprime mortgages and securitized loan packages, the granting of those original mortgages, the appraisals that went along with the original mortgages, and the underwriting. Residential mortgage foreclosures have caused problems in other parts of our economy. Developers find themselves with developed lots for sale, additional excess land yet to be developed, where builders have simply quit building, have stopped taking down on take-down contracts, and the inability to borrow additional funds either for future ...

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