You know from the ridiculous fees these banks pay from the Mills to the keeping up with the REOS’ (if they keep up with maintenance).
Does it make any $en$e why they DO NOT work it out with the homeowners?
I mean if you take a look at what they end up selling for at auction or in a short sale…Does it make any $en$e??
Now take a look at Foreclosure Mill Law Offices of David J. Stern in Plantation (DJSP) for example Small Foreclosure Firm’s Big Bucks: Back Office Grossed $260M in 2009:
and his assets below:
Source: AmericansUnitedForJustice.org