The Result of Expediting Foreclosures
In response to repeated arguments from Wall Street that an accelerated foreclosure process is necessary to improve the economy, many consumer advocates and foreclosure defense attorneys have been asking:
If all of the properties are foreclosed, who is going to buy them?
The answer, of course, is nobody. Quicker foreclosures just means more homes are vacant sooner, with many of these vacant homes falling into serious disrepair.
Unfortunately, not everyone agrees, and many banks, lawyers, and judges have worked to push through foreclosures at a breakneck speed. Want to see the results?
Read this article, and check out the photograph of the Tampa home littered with trash.