Posted on October - 19 - 2010
Foreclosures in Dallas, GA traced to small home in Maine
The entire mortgage crisis can be traced back to a home in Maine that had a mortgage payment of less than $500 a month. The report in ctwatchdog.com has stated that Nicolle Bradbury’s modest home and mortgage could be the very one that touched off the mortgage signing crisis that has affected properties all over the United States, including foreclosures in Dallas, GA.
It seems when she lost her job, rather than sit back and wait for the bank to come and take her home, she started on a path to find out what was going on at the Pine Tree Legal Assistance center. The answers she would get would affect the state of the industry nationally from foreclosures in Indiana to all points across the nation.
As fate would have it, Nicolle got a retired lawyer looking at her file that had worked with the banks for a number of years and knew something about foreclosures in Missouri and all points in between. Thomas A. Cox was the lawyer that saw the documents had been handled improperly and that’s what set in motion the chain of events that has landed all foreclosed mortgages nationally, including those foreclosures in Dallas, GA in questionable status.
The situation gets worse for those who are involved with foreclosures in Indiana and other parts of the nation. Homeowners facing foreclosures in Missouri and elsewhere are now facing the fact that their homes might not process through the system as quickly. While some feel that will give them more time to find a solution to their foreclosure problems, most experts involved only see it as a stopgap measure that won’t halt the inevitable result.
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