Finally!!! The jobless rate is now 9.8%. Is anyone surprised? We all knew it was only a matter of time. Housing is helping since so me much of our economy is tied to real estate. Hedge funds are helping with housing. They have to use escrow and title agents and hire contractors to repair.
It’s to be expected that a non-judicial process that divests a defaulting property owner of their title to real property would be closely regulated to insure fair dealing and uniform application throughout the state.