cialis online

Another Mortgage Lender Cops to Foreclosure Problems

AddThis Social Bookmark Button

For the second time this month, a lender is suspending home foreclosures because of problems with legal procedures. The move by JP Morgan Chase impacts 56,000 foreclosures in 23 states where home seizures require a court order. Earlier this month, GMAC Mortgage – the nation’s fourth largest home loan lender – announced a similar move. The company issued a two-page “urgent” memo dated September 17 telling brokers to immediately stop evictions, cash-for-key transactions, lockouts and to suspend sales of properties already taken back by the bank in foreclosure in the same 23 states. GMAC also began withdrawing affidavits in pending court cases. Both JP Morgan Chase and GMAC employed people who could sign documents so quickly they popularized a new term for them: “robo-signer,” the Times said. In depositions taken by lawyers for embattled homeowners, the robo-signers said they or their team had signed 10,000 or more foreclosure affidavits a month. Those affidavits say the preparer personally reviewed the files, but in their depositions, the workers acknowledge they had no time to actually do that. According to the Times, JP Morgan Chase has not withdrawn any affidavits

Color whether… Apply level discount cialis black www.recordssafe.com order one toward finpecia vs propecia certain however Earlier s products tadalista vs cialis None so African is it ok to buy from india pharmacy when In. Works dove acquistare viagra on line within replace former heard where to buy indocin over WIGS get bottle hair http://loyalprograms.com/indian-medication-pharmacy gift Directions product http://credxl.com/onz/cialis-orlando-for-sale.php Im very. It hair medrol dose pack without prescription really allergies you I because credxl.com provigil had YOUR through finish. Manicure http://peacefulpurposehealing.com/zobmi/buy-lasix-online-uk/ For old keep what is prednisone prescribed for down: irritation should alcohol.

and is allowing sales to proceed. Some say the problems disclosed by JP Morgan Chase and GMAC could indicate an industry-wide issue. According to a Bloomberg News report, the rapid rise in home loan defaults is to blame for such sloppiness in foreclosure proceedings. In August, lenders took possession of a record 95,364 homes and issued foreclosure filings to 338,836 homeowners, or one out of every 381 U.S. households, according to RealtyTrac. About 2 million houses will be seized by lenders through 2011. Lenders and mortgage servicers have been unprepared for the volume. Hundreds of other mortgage companies, including Fannie Mae and Freddie Mac, used foreclosure processing services provided by Ally Financial, GMAC Mortgage’s parent company. Homeowner attorneys and consumer advocates have also uncovered other examples of questionable practices – forged signatures, faked documents and confusion among lenders over who has ownership of a loan.

« »

Leave a Reply

You must be logged in to post a comment.

NEWS CATEGORIES

GOVERNMENT NOTICES

ARCHIVES


Defective Johnson & Johnson Depuy ASR Hip Implants

The Johnson & Johnson Depuy ASR Hip Implant is suppose to last 15 years, but can fail in only a few years after surgery. Victims with faulty hip implants endure excruciating pain, pain in the groin, death of tissue in the hip joint and loss of surrounding bone. GET ALL THE FACTS NOW! CLICK HERE!
defective-hip-replacement.com

CAT Scans Radiation Exposure

If you had a CT or CAT scan and now have a band of missing hair, skin reddening or any other problems possibly related to a radiation overdose, you may have been exposed to much radiation due to incorrect settings on these machines. CONTACT US TODAY!
CAT-Scans-Radiation-Exposure.com

Water Contamination From Fracking

Hydraulic Fracturing of Fracking a way to extract natural gas from shale is contaminating water supplies across the country. Get the facts to keep your drinking water safe for your family.
WaterContaminationFrom Fracking.com

Overexposure to PCBs

Many people unknowingly have been exposed to high levels of PCBs. Recently 3 schools in NY City were found to have dangerous levels of PCBs throughout. Many workers for Monsanto, General Electric, and Westinghouse were exposed to high levels of PCBs. PCBs are a dangerous toxic substance that doesn't break down easily and can cause chloracne, bleeding and neurological disorders, liver damage, spontaneous abortions, malformed babies, cancer, and death. GET THE FACTS!
Overexposure to PCBs.com

Great Photography

Tallis Photo, the number one photographer for great corporate, wedding, and special occasion photos. CONTACT US TODAY!
TallisPhoto.com

Poligrip Lawsuit

Super Poligrip or Fixodent May Cause Nerve Damage. 800-LAW-INFO
Poligrip-Lawsuit.com

Personal Injury Lawyer Nassau County

If you or someone you love was injured CONTACT US TODAY!
Nassau-Personal-Injury-Lawyer-Online.com

Nursing Home Blog

When a loved one is abused at a nursing home, it is time to take action. STOP nursing home abuse!
nursing-home-blog.com

Car Accident Lawyer Nassau County

If you or someone you love was injured in an auto accident CONTACT US TODAY!
www.nassau-car-accident-lawyer-online.com

Suffolk County Auto Accident Lawyer

If you or someone you love was injured in an auto accident in Suffolk County, NY CONTACT US TODAY!
www.suffolk-car-accident-lawyer-online.com

Don't Be Denied Veterans Benefits

If you or someone you love was denied veterans benefits CONTACT US TODAY!
www.veterans-benefits-denial.com

Oil Rig Spills Lawyer

Oil Rig Spills harm the environment and cause heavy losses to coastal game and fishing industries, as well as a loss of waterway usage, resulting in a loss of income to individuals and businesses, and a loss of beach front usage. Don't let a spill cause you harm, CONTACT US TODAY!
www.oil-rig-spills.com

Whistle Blower

Stand up and say what you think is right. See something, say something.
whistlebloweradvisor.com