Home › Forums › Housing › Foreclosure freeze conspiracy theory › Back on the original topic,
Back on the original topic, it definitely sounds like the banks themselves have thrown the game.
Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:
http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01 http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02
This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.
But how to stop this? Call the entire foreclosure process itself into question.
