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Two American Davids slays countless American Goliaths

"After a record 347,420 foreclosure filings and 102,134 bank repossessions in September, the U.S. is on pace to top 1.2 million foreclosures this year, up from about 1 million last year, according to new data from RealtyTrac, which collects and analyzes real estate records from across the country."

What is now emerging is that much of the paper-work in relation to foreclosures is simply faulty, if not fraudulent, documentation, or doesn't stack up. And who found all of this out? Two sleuths, Lisa Epstein and Michael Redman, who live in Florida. As McClatchy reports in "How 2 civilian sleuths brought foreclosure problems to light":

"More than a year before lenders, law firms and document companies began owning up to widespread paperwork problems with their foreclosure filings, Lisa Epstein and Michael Redman already knew that something was wrong — very wrong."

Continue reading, here, to see how the little guys jumped the gun and the repercussions across America.

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