Bank Errors Continue to Cause Wrongful Foreclosures

With regulations due to go in effect later this summer that will prohibit banks from selling a home in foreclosure before a final decision on a mortgage modification, banks are rushing to foreclose on as many homes as possible. Thousands of people engaged in loan modification efforts have seen their homes sold before the process was completed and for far less than they were worth. It's a senseless situation that's causing terrible disruptions throughout the country. Regulators acknowledge that these banks are breaking rules in this practice but so far have done little to stop it. ProPublica has been investigating these ongoing  foreclosure scams aggressively ever since the bubble burst in 2008.
http://www.propublica.org/article/bank-errors-continue-to-cause-wrongful-foreclosures