A nurse,car dealership worker,& Insur.fraud specialist uncover biggest consumercrime-Fraudclosure
While the crime is called Foreclosure Fraud-some shorthand versions refrence it as Fraudclosure
Chain of Title
How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud
David Dayen
The dramatic true story of how a nurse, a car dealership worker, and a forensic expert took on the nation’s largest banks—and then shook them to their core
“It had been a long day. Lynn just wanted to get back to West Palm Beach and relax. Just before her flight took off, she reached forward to get the in-flight magazine. The stranger sitting next to her leaned forward and said, ‘You know what happens to people who sue banks?’
‘What?’
‘They end up dead.’”
—from Chain of Title
Winner of the Ida and Studs Terkel Prize
http://thenewpress.com/books/chain-of-title
“This is the story, one of its characters tells us, of an unlikely ‘crime scene’: the real estate courts of Florida, where professional fraudsters greased the skids to kick people out of their houses in order to prop up Wall Street’s profits, while judges looked the other way. And, it is the story of a prairie fire—began by ordinary Americans who brilliantly and courageously fought back when our leaders refused to do so. All in all, it is one of the best books about the law and American life that I ever have read.”
—Rick Perlstein, author of Nixonland and The Invisible Bridge
“Chain of Title is a sweeping work of investigative journalism that traces the arc of a criminally underreported story in America, the collapse of the rule of law in the home mortgage industry. By following three victims of illegal foreclosure practices, Dayen humanizes and brilliantly illuminates a vast scam unseen by the public because it’s been indecipherable to everyone but a few industrious housing lawyers—as he shows, even judges don’t understand it. The nightmare scavenger-hunt pursued by homeowners like Lisa Epstein leads to a horror-ending: behind the dream of home ownership lies a lawless jungle, owned and operated by banks, where there are no rules to protect families and their property.”
—Matt Taibbi, author of The Divide
= new reply since forum marked as read
