As millions of Americans face foreclosures on their homes, scam artists are zeroing in on this growing population desperately in need of assistance. Here are some of the foreclosure scams to look out for.
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Wells Fargo still won’t admit it, but its employees’ testimony makes it clear that, like GMAC, JPMorgan Chase, Bank of America and OneWest Bank, they have a problem with their foreclosure documents. But the solution isn’t just …
Several big banks have admitted that their employees routinely sign scads of foreclosure documents without verifying their information. Wells Fargo and CitiMortgage have denied engaging in similar practices. Yet new evidence sh…
Bank of America Corp. will delay foreclosures on properties in 23 states to review whether its employees signed off on foreclosure documents without reading them, making the largest U.S. bank at least the third in recent weeks …
New data from RealtyTrac shows that 24% of all U.S. properties sold in the second quarter were foreclosed homes. The group projects that the U.S. “will get through the distressed inventory largely by the end of 2013.”
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