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Ohio, Hit Hard by Foreclosure, Now at Epicenter of Fraud Crisis

By Implode-Explode Heavy Industries

"Ohio ? and especially Cleveland ? was hit earlier and worse by the foreclosure crisis than other states, due to widespread problems with predatory lending, an early economic downturn stemming from the loss of manufacturing jobs, and weak consumer-protection laws. Now, it is at the forefront of the foreclosure fraud crisis, with housing advocates and politicians calling for banks to halt evictions immediately and stop seizing homes."

Full post as published by Mortgage Lender Implode-o-Meter on October 11, 2010 (boomark / email).