Breaking & Entering, Burglary

Apparently these things aren’t illegal for everyone.

Yves Smith writes:

The traditional procedures around the transfer of title made the old system virtually fail-safe. Any number above zero is unacceptably high. And “a tiny percentage” across the huge numbers of foreclosures happening across the US adds up to meaningful numbers in real terms.

While it’s true that the plural of anecdote is not data, it’s critically important, as Yves notes, that “any number above zero is unacceptably high.” More importantly, as these stories of bank break-ins come in from all over the country, it is clear that they are a symptom of national problems with mortgage servicing and foreclosure mechanisms.

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