In thousands of foreclosure cases, key documents may have been fabricated by employees of mortgage servicing companies who have falsely held themselves out as bank officers. Because most foreclosures are the result of defaults, the validity of these assignments has most often gone unchallenged. Almost three million U.S. properties were involved in some form of foreclosure action in 2009, a 44% increase from the end of 2008 to the end of 2009. In 2010, the issue of the validity of Assignment is likely to finally come under examination by regulators, courts, lawyers and distressed homeowners.
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Prepare for the Great Depression. Survival Seeds
Of course the mortgage servicing companies were involved in fraud. Everyone touching the paper (mortgage) was involved in fraud. In many cases the borrower was involved in fraud. So what is new?
ReplyDeleteLet's not forget the openly supported LIAR LOANS.
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