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It's Your Money

• Foreclosure: AG's office says process in "total disarray"

  Florida’s foreclosure process has become a “virtual morass” of fake documents and faulty practices by “mill” law firms spewing out unverified paperwork, Associate Florida Attorney General Patricia Conners told the Florida Senate Committee on Banking and Insurance Tuesday.

  In a legislative update on the Attorney General’s investigation of the state’s foreclosure [...]

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• Talk first, file forclosure later, or never

  Government-owned mortgage giants Fannie Mae and Freddie Mac are considering whether to force loan servicers in South Florida to go to mediation with some troubled homeowners before a foreclosure even begins.

  The initiative would be a major new step in the process for those borrowers who cannot make their mortgage payments [...]

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