Lenders Forced to Suspend Thousands of Foreclosures
Democracy NOW! – DN! The banking industry’s handling of home foreclosures is coming under increasing scrutiny after revelations that employees at several lenders had approved thousands of foreclosure affidavits and other documents without proper vetting. The banking giant JP Morgan Chase has suspended some 56,000 foreclosures after admitting some may have been authorized without proper review. Last week, another major lender, Ally Financial, suspended evictions in twenty-three states. We speak to Andy Kroll of Mother Jones magazine and New York Supreme Court Justice Arthur Schack, who has made national headlines for rejecting dozens of foreclosure filings due to faulty paperwork from banks and lenders.
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I’m a foreclosure fighter. I have been for 3 years. I recently ran across a paper on what makes almost all of the affidavits and assignments of these mortgages illegal, fraudulant, whatever you want to call it. I’ll give you a web address to it. It is very, very informative. As it states at first the news and we are being led to believe that the only error on the part of the Banksters is having a person with no personal knowledge of the loan (robo-signer) sign these documents. But there are far greater reasons these documents SHOULD fail in a court of law. I implore whoever’s reading this to please, please check this out, and pass it around. We foreclosure fighters have been pulling out our hair trying to get the Courts Nationwide to understand this. It is titled “Personal Knowledge, Hearsay, Conclusory Averments and the Best Evidence Rule” and written by William A. Roper Jr. and appears within the “Forum” section of the website MSFraud.org. Thanks! John Reed
here’s the link: http://www.msfraud.org/forum.htm posted 9/27/10
God Bless You Judge Schack. You are one of the finest Jurists in History!
Stan
Racine, WI.
Judge Meenu Sasser: “I see no widespread problems here”