Bank of America Stopped Issuing Notices of Default in Non-Judicial States

CNBC – The Next Robo-Signing Crisis?

It’s the next big shoe to drop in the robo-signing foreclosure scandal. Call it part two.

We already know banks halted foreclosure sales when it was discovered that servicers took short cuts, so-called “robo-signing” in the foreclosure sale process in judicial foreclosure states -about half the country.

Now it appears they may have done the same thing in the Notice of Default process which takes place in the other half – i.e. the non-judicial states.

(Judicial foreclosures are those that are processed through the courts whereas non-judicial are processed without court intervention.)

A Notice of Default is the notice sent out in non-judicial foreclosure states that alerts the borrower that the official foreclosure process has begun. It is also filed with the county recorders office and allows the notice of foreclosure sale to be published. What’s so important is that this is the process in California, Nevada and Arizona (AZ is both judicial and non-judicial), which have three of the top four foreclosure rates.

Last week an article from American Banker titled, “New Point of Foreclosure Contention: Default Notice” circulated widely among the folks who follow the mortgage mess. It talked about how several lawsuits are now being filed contending that the Notice of Default process was flawed and the foreclosure therefore invalid.

Check out the rest here…

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4closureFraud.org

Comments
6 Responses to “Bank of America Stopped Issuing Notices of Default in Non-Judicial States”
  1. Felita says:

    We definitely have to support the House Bill coming out of the State of Virginia to which Dena Roudybush has done a fantastic job fighting the big banks and mortgage services to which she used to work for. Now Miss Roudybush, a practicing Attorney in State of Virginia and Maryland is now fighting for the citizens. Check out the site at: themortgagecrisisupdate.com

    Virginia House Bill HB1506

  2. l vent says:

    At the root of the whole steaming pile of crap is a company called Landirks Looks like they can be tracked back to Britain though I am sure that is not the bottom of the rabbit hole as I see India and Malaysia have some involvement in this. Now we just might be getting to some truth about who is behind the Ponzi Scheme. Look at the first name listed at the origination of the home loan recording. This is where the origination of the whole scheme is. Now they want the houses if we do not want to pay and pay for the rest of our lives on this planet. Too bad for them our homes were paid for by us via a bank for a nominal fee at the origination of the loan. These are the greedy pigs. Hyper-inflated property taxes are not enough for the greedy bastards so they want to steal our homes or impose a fake mortgage debt burden that never existed as part of the Ponzi Scheme. This is what they want to do to American’s who have already had all of their wealth and jobs stolen from them. I wonder what America’s final tipping point will be? I do not want to be them when it comes because it will come.

    • l vent says:

      Just to add a side not about Malaysia seems to be a tranch of China. I you want to check our what is going on in Malaysia you may find the pictures of that country a bit appalling. They seem to have built replica cities of all of our major cities. They have a twin towers and other landmarks built replicating us. Creepy.

      • l vent says:

        Google search Kuala Lumpur. There is a weird freaky scene going on there in Malaysia. Kuala Lumpur is some kind of a surreal creepy Orwellian Epcot like city with a one world hotel and they are going to be switching to a one world time in 2011. They have replicated our cities with landmarks such as the petronas towers are their twin towers. It is really creepy. We need to declare our National Sovereignty.

  3. Melanie says:

    “New Point of Foreclosure Contention: Default Notice” article does not exist at the link above, from here anyway.

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