Much has been written about the macro-policy dimensions of
our nation’s housing and foreclosure crisis regarding such topics
as the impacts of subprime lending, lax or nonexistent federal
and/or state regulatory actions, cumbersome foreclosure processes and the crisis’s long term repercussions on financial markets and the ultimate health of our nation’s economy. Media reports dwell on the individual stories of families losing homes as direct targets of now bankrupt predatory lenders or inadvertent victims of so called exotic mortgage products. Examples abound of fraudulent real property schemes and overextended real property speculators who walked away from multiple mortgages leaving tenants and their families to fend for themselves.