Friday, October 7th, 2011
Although the foreclosure crisis has not been as fierce in Virginia as elsewhere a third of all the mortgaged houses are underwater. This makes it difficult for them to be modified. This has led to a proliferation of scammers taking upfront fees and then disappearing.
Investigations Being Conducted Regarding Wrongful Foreclosure of Property of Military Personnel on Active Duty
Wednesday, March 30th, 2011
A recent filing by an arm of Morgan Stanley has brought to light that the firm is under investigation by the Justice Department for transgressing the law and foreclosing on about two dozen properties of military personnel on active duty. In one case there are hints about settlement.
Foreclosures were Filed by Legal Firms, Now Undergoing Investigation in Florida, Without Having The Proof in Their Hands That The banks Had The Legal Standing to Do So
Friday, February 25th, 2011
Florida officials are investigating the alleged sordid operation of three legal firms including that of Stern. Documents were faked, signatures were forged, notarizations were improper and people were foreclosed upon without proper verification of their identities or the due amount. Fannie Mae had appointed Stern to be its sole legal firm.
Wednesday, February 23rd, 2011
Documentary photographer Kelly Creedon is holding an exhibition in The Great Hall comprising of stills and slide-shows depicting the pain of foreclosures, evictions and rallies protesting against this abuse. It narrates the story of Boston residents. Creedon brings out through his exhibits not only the pain but also the emotions.
National Group Investigating Foreclosure Mess Urged by Iowa Activists to Charge Mortgage Lenders with Criminal Offense
Friday, February 4th, 2011
Iowa activists urged attorney general Tom Miller to bring criminal charges against offending banks. Miller argued that the investigations, although of civil nature, could initiate criminal action if required. Activists wanted banks to modify loans, reduce principal and punish employees engaged in fraud.
The Documentation Crisis in Foreclosure Operations Could Impact Severely on Housing Sector and The General Economy
Wednesday, December 15th, 2010
Tweet The documentation crisis in foreclosure operations could impact severely on housing sector and the general economy. This was the warning given out by a Congressional panel. If the worst happens the banks will suffocate on the toxic loans that they could be compelled to take back. This will kick off another financial catastrophe. The [...]
Friday, December 3rd, 2010
Tweet The administration has stepped up and intensified review of foreclosure documents. Federal agencies together with the Justice Department are making use of their powers over the proceedings to probe into the operations of foreclosures. A vital part of these measures is the Justice Department Trustee Program (federal watchdog that oversees bankruptcies). It has started [...]
Wednesday, December 1st, 2010
Tweet An investigation has been started by the Florida Bar against a noted attorney defending foreclosure victims of Deerfield Beach since the publishing of a report in the New York Times that he has started a practice of allowing troubled house owners to contract second mortgages to meet his fees. Since 2009 the license of [...]
Friday, November 26th, 2010
Tweet Investigations against foreclosure documentation scam pushes on. Tom Miller the attorney general of Iowa is steamrolling ahead. It seems the November mid-term elections will not make much of a difference. Miller is heading the probe undertaken by all the attorneys general. Some of the lenders have agreed that their staff made mistakes in not [...]
Monday, November 22nd, 2010
Tweet The foreclosure documentation dispute is now putting question marks over thousands of cases in USA after admission of wrong doings by employees of mega banks. In Marin County this has given courage to some borrowers to take on the lenders in court. The foreclosure documentation disputes have now struck Marin Court system. One of [...]