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[Cletus Miller]

Originally Posted by Tyrone Slothrop

"The real estate / financing industry has brought the same machine-like technical prowess that they used to automate the process of underwriting mortgages to a similar automated foreclosure process. Is it any surprise that the results of this are similarly disastrous?"

Is anyone with any knowledge of the real estate finance industry surprised by this? It's much the same thing in commercial finance, but the servicer/agent's rights are much more clearly set out, most of the time.