Throughout the mounting catastrophe, however, many Americans have been slow to comprehend the true nature of the mortgage disaster. They seemed to have grasped just two things about the crisis: One, a lot of people are getting their houses foreclosed on. Two, some of the banks doing the foreclosing seem to have misplaced their paperwork.
The story takes place in Florida, but I suspect it is as rampant here in Nevada and in any other state. The difference is that since Nevada is a non-judicial foreclosure state, the case rarely, if ever gets heard in court.
Read the article here.