WaPo: Lenders may have foreclosed on hundreds of homeowners in Prince William County, Manassas and Manassas Park using unreliable, “robo-signed” document

Probing Pr. William foreclosures, group sees widespread irregularities, ‘robo-signed’ papers

Lenders may have foreclosed on hundreds of homeowners in Prince William County, Manassas and Manassas Park using unreliable, “robo-signed” documents, according to a report by the group Virginians Organized for Interfaith Community Engagement.

Virginia has one of the fastest foreclosure processes in the nation. And Prince William was one of the first and hardest-hit areas of the Washington region in the foreclosure crisis. More than 10 percent of households in the county went into foreclosure between 2004 and 2009, VOICE said. Concerns about bogus paperwork led several banks and states last year to temporarily halt foreclosures.

A team of more than 30 VOICE volunteers found widespread irregularities in a random selection of more than 1,600 real estate records, which amount to 10 percent of the foreclosures filed between 2004 and 2009, when foreclosures in Prince William peaked. They found that one employee of a loan processing firm based in Jacksonville, Fla., signed foreclosure documents as an official for seven different banks. They also found mismatched signatures for the same notary public.

“Robo- signing and the speed of the foreclosure process in Virginia have hurt homeowners,” said the Rev. Clyde Ellis, senior pastor of Mount Olive Baptist Church in Woodbridge. “There is no way to know how many could have avoided foreclosure if the process simply worked.”

Rest here…

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4closureFraud.org

 

Comments
3 Responses to “WaPo: Lenders may have foreclosed on hundreds of homeowners in Prince William County, Manassas and Manassas Park using unreliable, “robo-signed” document”
  1. This Fraud will continue, because there is nobody stooping them…

  2. Lies all of it says:

    amazes me that foreclosures conti,ue in florida. Hernando county in fl 67th out of gx counties in property tax revenue it was once the fastest growing that they received federal money to build new schools which we could have done with our with zero growth i tend to think the money must have been used and the schools were built on credit because the want my son to pay a 190 dollars for band. i wrote one of the commissioners and will write the rest to stop froeclosures in our county we r so drowning but no one wil step up a fix this mess

  3. housemanrob says:

    Virginia is so beautiful…..from the Blue Ridge range to the Shenendoahs to Virginia Beach and Virginia North Shore. God bless Virginia and the people…..may your leaders wake up before Virginia becomes a shell of what it once was!

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