Forecasted Foreclosure Rise Comes With Increased Scrutiny Of Notarizations
The recent $25 billion national mortgage settlement is expected to cause a spike in foreclosures nationwide this year, according to industry tracking firms RealtyTrac Inc. and Fitch Ratings. As banks process the backlog of foreclosures that have been shelved for the last eighteen months, Notaries will increasingly be called on to perform more transactions.
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