Re:Left with Nothing
by muzz on Sunday September 08, 2013 @07:26PM
(#6350954)
Did you even read the article?
It points out this arose from a change in 2001 that occurred because the agency was trying to do LESS work, not more.
"But the work overwhelmed the agency, and in 2001, city leaders made a critical change: They told investors to head directly to court to file a foreclosure case.
The move empowered investors to start charging legal fees and court costs — a game changer that allowed them to turn minor delinquencies into insurmountable debts."
It points out this arose from a change in 2001 that occurred because the agency was trying to do LESS work, not more.
"But the work overwhelmed the agency, and in 2001, city leaders made a critical change: They told investors to head directly to court to file a foreclosure case. The move empowered investors to start charging legal fees and court costs — a game changer that allowed them to turn minor delinquencies into insurmountable debts."