The History Behind Wall Street's Foreclosure Scandal

The video discusses three activists in South Florida who uncovered a massive issue with false documents being used in foreclosures across the U.S. These activists, who were foreclosure victims themselves, discovered patterns of forged and backdated documents used to cover up the mortgage industry's inability to track mortgage transfers during securitization. They found egregious examples, such as the case of Linda Green, whose name was forged on documents for multiple banks. Despite settlements, the problem persists, as breaking the chain of title is difficult to reverse. The activists, self-taught in legal matters, continue to expose these issues.

What are some consequences of the improper paperwork found by the activists?

What is the current state of foreclosure practices in America according to the text?