Foreclosure Moratoriums – What are they about and what does it mean to you if I you are facing a foreclosure?

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In the last couple of weeks, a number of banks have announced moratoriums on foreclosures citing problems with their paperwork.  Newly-named personnel, “robo-signers”, were under fire for not reviewing files and submitting false affidavits to courts.  Even with years of experience representing banks and doing foreclosures, this was news to me.  It was hardly clear what was going on.

Yesterday, The Wall Street Journal published an article that explains it and highlights the development of a new form of law practice, “foreclosure defense.”  If your facing foreclosure, it matters who you hire to represent you.  See the article by clicking on the following link:

http://online.wsj.com/article/SB10001424052702304410504575560072576527604.html?KEYWORDS=niche+lawyers

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