Struggling homeowners and their lawyers have been voicing concern about errors in foreclosure documents for years. Their arguments recently were heard by attorneys general, investors and other industry participants, forcing lenders to resolve the issue. The paperwork errors could be largely technical and relatively easy to resolve, but the solution likely will be an expensive, time-consuming process, according to The New York Times. Meanwhile, resolving documentation errors in the massive world of mortgage-backed securities could be more difficult.
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