That would be in California, Texas and 25 other states where the lender doesn’t have to go to court to foreclose. Except in rare instances, lenders can use fraudulent paperwork with impunity in those states. A closer look at C…
A lack of staff in the face of overwhelming volume is the excuse banks give for turning to robo-signers to speed foreclosures, and for their inability to manage the the mortgage modification process. Now, a class action against…
The largest U.S. bank reportedly acknowledges discovering some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases.
Continue reading Bank of America Finds Foreclosure Errors
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The amount of time it takes to foreclose on a home is increasing, meaning that delinquent borrowers can stay in their houses for months after they stop making payments, according to Freddie Mac.
Freddie Mac, which, along with Fannie Mae finances abou…
After a 16-day review of its foreclosures, Bank of America says it found no problems with any of them, and now it’s ready to resume processing the paperwork. But that’s a claim so unbelievable it doesn’t pass the straight-face …