December 5, 2007

Foreclosures: Not So Fast (BusinessWeek Online)

BusinessWeek Online – In the world of real estate, foreclosure has long been the ultimate sanction–a kind of capital punishment for the borrower gone bad. But some foreclosures are now facing legal challenges that threaten to delay or even derail the proceedings. That could spell more trouble for both lenders and investors in the giant market for mortgage-backed securities.

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