Monday, November 29, 2010

Foreclosure "robo-signing" scandal impact: Sales dry up - Nov. 29, 2010

Foreclosure "robo-signing" scandal impact: Sales dry up - Nov. 29, 2010:
"NEW YORK (CNNMoney.com) -- Big banks are having trouble restarting the foreclosure process after this fall's 'robo-signing' scandal, and the once booming market for foreclosed homes has been hit hard as a result.

According to ForeclosureRadar, the number of properties coming to auction in hard-hit western states -- Arizona, California and Nevada -- has dropped more than 30%."

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