Military “Deadbeats” | JP Morgan Chase Overcharged Troops on Mortgages and Illegally Foreclosed on Military Families
No. 2 bank overcharged troops on mortgages One of the nation’s biggest banks — JP Morgan Chase — admits it has overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan. The bank also tells NBC News that it improperly foreclosed on more than a dozen military families. The admissions … Read more
New Jersey Widow, 85, Misses Final 30 Year Mortgage Payment of $432, Bank Files Foreclosure, Bills $5,800
Widow, 85, missed last house payment; fights fees PHILADELPHIA — An elderly New Jersey widow billed $5,800 after missing the final payment on her 30-year mortgage can pursue her lawsuit against the debt collectors, a U.S. appeals court ruled. Lawyers for Dorothy Rhue Allen call the fees charged by two banks and a law firm … Read more
MERS Flaws Results in Attorney’s Success in Utah Quiet Title Actions
How accurate are property records? A Utah court case in which the owner of a Draper townhouse got clear title to the property, even though he still owed $132,000 on it, raises new legal and financial questions about a property-records database created by mortgage bankers. The award of a title free of liens means that … Read more
PB Post – Tracing the Signs of Foreclosure Traps
Tracing the signs of foreclosure traps By Christine Stapleton Palm Beach Post Staff Writer WEST PALM BEACH — Somewhere, presumably Georgia, lives a woman named Linda Green. According to investigators, her signature – and variations of it – appears on hundreds of thousands of questionable mortgage documents. Linda Green has an impressive résumé. She has … Read more
Adam Levitin on Ibanez | Loan Schedules and Trustee Liability
Two interesting posts from Adam Levitin… Ibanez: About that Loan Schedule…. posted by Adam Levitin Did Ibanez a particularly screwed up set of securitization documentation? Or was this just snafu? Looking around at other PSAs, I’m starting to think the latter. In Ibanez, the Massachusetts Supreme Judicial Court noted that PSA was insufficient to serve … Read more
Maryland Foreclosure Fraud Massacre | 10,000 Maryland Fraudclosures w/ Jeffrey Stephan Affidavits to be DISMISSED
From: Holland, Peter Subject: [Lawclinic] Important Victory in GMAC Foreclosure Robo-Perjury Date: Friday, January 14, 2011, 5:12 PM I just wanted to share an important victory our Consumer Protection Clinic won today. Using the affidavit of Mr. Stephan, a GMAC employee who testified in deposition in an unrelated case that he signed up to 10,000 … Read more
