KABOOM | Reuters SPECIAL REPORT: Banks Still Robo-signing, Filing Doubtful Foreclosure Documents Posted by 4closureFraud on July 19, 2011 15 Comments Two reports are out today from the Associated Press and Reuters that are both the best in-depth main stream stories to date on the fraudclosuregate scandal.
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[ISTANBUL] – Prosecutors in the United States indicted a state-owned Turkish bank on Tuesday, the charges being the.
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Matt, this is wonderful info. How do I actually confirm my Note is in a specific pool, though? I know the dates I signed (Dec 1, 2004), I know the date Fannie Mae claims to own the note (dec 29, 2004), and I have it narrowed down to one pool, but I am sure that would not be admissable “evidence” in court, unless I can provide a doc showing.
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks, including Bank of America, JP Morgan, Wells Fargo, and Citigroup.
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Even when the banks’ claims to ownership were clear, robo-signing violated numerous state laws requiring due diligence before a bank can foreclose on a home. The scandal had prompted a number of banks-Bank of America most prominently-to suspend their foreclosures for a while.
In sum, this special report essentially explains why we are so bearish on the stock market. It is due to all these avenues we pursued as a country to stem the decline in assets caused by the bursting of the Dot Com bubble. This left the country with enormous debt which will have to be deleveraged over the next few years.
7 States With the Most Underwater Home Owners The envelope please. Cue the drum roll. And the five states with the highest percentage of underwater homeowners are: Nevada – In many ways, the Silver State could be considered Ground Zero for the foreclosure crisis. And it still shows. Today, 67 percent of all mortgage holders are underwater in their loans. Home prices in Las vegas fell 4.2 percent in the third quarter alone.
Reuters and The Associated Press Drop Bombs On the Banks: "Robo-signing is not even close to over" by 4closureFraud.. SPECIAL REPORT: Banks still robo-signing, filing doubtful foreclosure documents. * Banks that settled continue filing questionable paperwork: Reuters * Reuters identifies 6.
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