The Miami Foreclosure Factory: Part 2
What does it mean to be a vice president of a large financial institution, with the power to sign off on Miami foreclosures?
Our Miami foreclosure lawyers would assume it means years of education, managerial experience and expertise in the industry.
However, if you work at any of the large five banks notorious for wrongful foreclosure on countless homeowners, it probably means you’re an entry-level process specialist who makes somewhere in the neighborhood of $31,000 annually.
In this second of two parts on The Miami Foreclosure Factory, we’re looking at the processes that were considered systemic problems within the banking industry that resulted in the forcible removal of families from their homes – even in instances when banks could offer no proof that they had legitimate claim to that home.