Harry Reid Fumes Over Foreclosure Scandal

Senate majority leader Harry Reid (D-Nev.) took a public stand on Thursday, adding his voice to the growing cadre of lawmakers expressing outrage over the widening foreclosure crisis. Reid sent a letter to a group of large banks in defense of his home state, stating, "I write to request that your mortgage-servicing division suspend foreclosures on Nevada homeowners until systems are in place to ensure Nevadans are not being improperly directed into foreclosure proceedings." Nevada suffers one of the highest foreclosure rates in the country, at 4.5 times the national average.
For help in today's tough housing market see AOL Real Estate's guides, including:

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Get property tax help from our experts.
Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Powered by Zillow