DUSTIN ZACKS, AN attorney at law firm Ice Legal in Florida, is
snowed under. His firm is examining some 500 cases where
homeowners feel they are being, or have already been,
incorrectly foreclosed upon. This is a burning issue in Florida
the state has the third-highest foreclosure rate in the
US, with more than half a million homes now in foreclosure
But Zacks is far from being the only busy foreclosure lawyer
in the US. Foreclosures on residential mortgages have boomed
from 532,000 to 2.4 million over the past five years. And as
the volume of cases has grown the extent to which banks have
been sloppy in ensuring that they have the correct documents in
place to bring about a foreclosure has become readily apparent.
Many have also shown only token adherence to due process,
cutting corners playing the cheapskate on a procedure
that is traumatic...