"Alternative Facts" Promoted by Banks

Banks have the money and therefore stand closest to the microphone of media. For every report that foreclosures are continuing or rising in number there are 20 reports that the foreclosure crisis is over. This report shows that in New York City foreclosure continue at the same rate as the 2008 recession.

The press has failed, intentionally or unintentionally to give the true facts: While there are accurate reports from small towns that the foreclosure crisis is over, the overwhelming evidence is that the overall pace is stepping up and in many cases never abated.

The banks got increasingly sophisticated in the distribution of foreclosure starts. Where the market heats up they lean back and start in another community. This makes these situation appear under control. The fact remains that the foreclosures are wrongful and should be stopped.

see http://www.businessinsider.com/new-york-city-foreclosures-highest-since-the-great-recession-2018-1

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