Number of the Day

92%: The percentage of foreclosures "on bankrupt families in and around New York City [for which there was] no proof the creditors had the right to foreclose."

The lack of proper documentation in foreclosure cases has been long known, and has been long ignored by the elected officials in Washington who are supposed to be representing the interests of people who are literally getting their houses stolen out from under them by for-profit corporations.

Now as many as 92% of foreclosures, at least in New York, lack evidence of the right to foreclose, and, meanwhile, the Obama administration is proposing profit-making opportunities for corporate owners on foreclosed homes.

Anyone else see a problem with that?

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