Interesting table below - if you remove Nevada* from the top foreclosure list and slide everyone else up a position you would have a direct correlation between the top 3 foreclosure states and the top 3 mortgage fraud states. 7 of the 10 top mortgage fraud states are on the top 10 list of foreclosure states. Maybe we are literally “bailing” out the criminals rather than the poor souls depicted on 60 minutes and the nightly news that lost everything due to a slimy, fast talking mortgage brokers.
*Nevada and South Florida can be attributed to investors/speculators that have walked away from condos and other investment properties they purchased hoping to flip for a quick buck
