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Missing Loan Documents Stall Mortgage Foreclosure

Demand for Mortgage Brokers Increases Mortgage brokers have. continue to support demand in the specialist sector. For example the self-employed can struggle to get a mortgage because of problems proving a regular income. The number of.

Amid last decade’s foreclosure fraud, banks resorted to a mass fabrication of mortgage documents because they could not legally establish true ownership of the loans when trying to foreclose. Foreclosure Fraud Revealed: Your Mortgage Documents Are Fake! | Occupy.com

Recruiters are hiring for a job that shouldn’t exist: finding “missing” documents. loans “to ensure timely preparation, execution and/or recordation of all needed assignments prior to foreclosure.

Your monthly mortgage loan payments and income may be unchanged, but the value of your home has decreased to the point where you owe more than the value of your home. Regardless of your particular situation, if you are unable or unwilling to . meet your monthly mortgage loan payments, you face the probability of foreclosure.

Shoddy, deceptive paperwork has plagued homeowners for years.. A mortgage service company collects your monthly payments, deducts a fee, and passes the. university's law clinic, who were seeking help with loan modifications or foreclosure notices. Apple lifted by delay in U.S. tariffs on China.

She testified further that it was customary for Countrywide to maintain possession of the original note and related loan documents. the foreclosure process could be held up should anyone actually.

Certain loans have missing assignments or endorsements as of the Closing Date. Given the relatively clean performance history of the mortgages and the operational capability of the servicers, DBRS.

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Others were eventually able to modify their mortgage, but only after many months. submitted the same documents and contested improper modification denials.. and that 545 of the 870 homeowners lost their home to foreclosure.. keep up with payments on less favorable proprietary loan modifications.

The Home Equity Theft Reporter: Florida U.S. Senate Candidate Linked To Alleged Straw Buyer Mortgage Scam That Left Banks, Taxpayers Holding The Bag On Nearly $34M Of Worthless Paper The Home Equity Theft Reporter: Florida U.S. Senate Candidate Linked To Alleged Straw Buyer Mortgage Scam That Left Banks, Taxpayers Holding The Bag On Nearly $34M Of Worthless Paper Richard’s Recommended Reading Since there are other opinions besides my own, oddly enough, you may want to check out what other people think or how they.

Jeanette Ogle, a 92-year-old widow with a reverse mortgage on her house, got a huge birthday surprise last week: She did not lose her home at a scheduled foreclosure. her name was missing from the.

That followed an admission by a GMAC employee that he signed thousands of foreclosure documents. Mortgage Electronic Registration System, a Virginia company that was virtually unknown until a.

Four of the five largest mortgage servicers. homeowners before initiating foreclosure proceedings. It also did not notify borrowers within five days of receiving a loan application modification if.