[capstone]

You will find the following read illuminating.

I’ve been in contact for with attorneys involved in foreclosure defense. One thing they stress is that a significant number of their clients facing foreclosure has made every single mortgage payment. Read that again.

Now how can that be? It’s actually very simple.

http://www.nakedcapitalism.com/2010/11/servicer-driven-forec...

One number that stood out for me:

Thompson estimates that servicer-driven foreclosures represented about 50% of the cases she handled.