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J.P. Morgan Chase freezes 56,000 foreclosures

J.P. Morgan Chase issued a freeze on 56,000 foreclosures on Wednesday, acknowledging that some employees may have signed off on documents submitted in support of them without proper review.

Chase spokesman Tom Kelly said the company has requested that the courts not enter judgments in pending matters until the company has had time to re-examine the filings "to verify that the affidavits and other documents meet the standard of personal knowledge or review where that is required."

"While Chase does not expect find any factual problems and that customers have been harmed, but if we do find any cases we will take appropriate action," Kelly said.

In May, a Chase employee named Beth Ann Cottrell said in a sworn deposition that she and her team signed off on up to 18,000 foreclosure affidavits and other documents a month without reviewing them thoroughly.

Another mortgage company, Ally Financial--the nation's fifth largest lender--on Sept. 20 halted evictions and resale of repossessed homes in 23 states. Jeffrey Stephan, a document processor for the company, admitted that he had signed off on 10,000 pieces of foreclosure paperwork a month without reading them.

State attorneys in at least nine states have announced investigations into the matter.

By Ariana Eunjung Cha  | September 29, 2010; 5:07 PM ET
Categories:  Housing  
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Next: Franken to Justice, Treasury: Investigate foreclosure irregularities

Comments

Great job everyone!!!

Michael Redman
4closureFraud.org

Posted by: Anonymous | September 29, 2010 5:34 PM | Report abuse

Once the swamp is drained we'll see the reason for all this "sloppy paperwork". It's gonna be a full blown CAT-5 financial hurricane for the Wall Street Racketeers.

Posted by: chunga85 | September 29, 2010 5:56 PM | Report abuse

Very good job Ariana Cha....keep up the good investigative reports....keep on doing what you are doing....because you are doing something right....lenders are beginning to react to the mess they have created....thanks again....Mauricio Lacayo

Posted by: Anonymous | September 29, 2010 5:58 PM | Report abuse

These banks are not doing this to appease the property owners ..they need time to complete their backdoor dealings whatever that might be. Something up and as usual it will come out.

Posted by: Anonymous | September 29, 2010 6:43 PM | Report abuse

We lost our home in an illegal foreclosure this year.

www.ourforeclosurestory.org

Thank you for exposing what is happening to millions of Americans in potentially fraudulent and illegal foreclosures.

Posted by: bluebonnetsandbbq | September 29, 2010 6:54 PM | Report abuse

People this doom & gloom by our right-wing Media about real estate, the best investment that there can ever be, because you can live in it, is just more mind game to get you to not buy your homes, to rent and make your land lords richer, and specially to buy Stocks which make the rich even richer. Set aside the fact that outfits like Goldman Sachs had even created financial instruments that would make them Billions by the Housing prices going down, which is both the "means and motivation.." for then to get their bodies in the right-wing Media to put out doom & gloom stories about Real estate, or American economy in general, since the more they could get people to buy into this narrative, the more 10s of Billions they could make. After all as RN has so well described in this article home prices in US on avg are much lower than the developed World avg house prices.

More here:
http://RealNewsPost.com?n=think.40908

Posted by: Anonymous | September 29, 2010 7:13 PM | Report abuse

"I was mistaken in expecting the free market to police itself." -Alan Greenspan, Oct. 2008. Duh, ya think?

Posted by: Anonymous | September 29, 2010 7:27 PM | Report abuse

The U.S. CONGRESS needs to be Slapped out-of Bed with these JP-Morgan-Chase $BANKsters! - - So far NOTHING has been done about FORECLOSURES,--- except for CONGRESS to support & $BAIL these CRIMINALS - whom are DERIVATIVE / SWAPS PUSHERS! -- Why is Our' CONGRESS still Protecting these Globalist THUGS? -- WHY? -- Because They Work for the Crooks, -- NOT for the U.S. CITIZENRY!! -- That is plain outright "TURN-COAT" Tyranny against WE-the-People!!! -- As Our' FOUNDERS Warned-- about the ENEMY From "WITHIN" Our' Own FEDERAL GOVERNMENT!! -- AMERICA has been attacked from WITHIN! -- $GLOBALIST $BANKsters have committed ECONOMIC "TERRORISM" against the SOVEREIGN CITIZENS of htis Great REPUBLIC!! -- $Economic TERRORISM!!- And CONGRESS CONTINUES to Support & Protect & $BAIL these "FED" $BANKster FIAT-MONEY THUGS!!! --- What is there left for WE AMERICAN PATRIOTS TO DO TO SAVE OUR' CONSTITUTIONAL REPUBLIC,--- if Our' Own CONGRESS, both RED & BLUE - has turned against US??!!

Posted by: Anonymous | September 29, 2010 8:07 PM | Report abuse

Will "fraud" and "corruption" in the banking system ever end?

Posted by: lcarter0311 | September 29, 2010 8:17 PM | Report abuse

this is the pre election ploy to fool the voters into voting for them...

Posted by: DwightCollins | September 29, 2010 8:27 PM | Report abuse

Attention Deadbeats- What part of the word default, do you not understand? When one doesn't make their mortgage payments for 24 months, tough cookies. You signed a contract and nobody screwed a pistol in your ear when you signed it!!! You are squatters.

It's people like you, looking to wiggle your way out of you obligations, that is keeping the housing market from moving forward.

Time to start over. Besides, Chase CEO Jami Dimond, is too busy kissing Obama's derrierre.

Posted by: Computer_Forensics_Expert_Computer_Expert_Witness | September 29, 2010 8:44 PM | Report abuse

I understand that there are laws that govern foreclosure, but at the end of the day what does the signing of these documents even mean? The homeowners weren't paying their loans so therefore they have to go. By dumping the properties and their loans, the banks can get the bad loans off their books and move on.

Posted by: Jsuf | September 29, 2010 8:56 PM | Report abuse

Great Job, see website for proof of Wells Fargo using a known robo signer too
http://www.californiaforeclosurefraud.us/

Posted by: manaya | September 29, 2010 9:16 PM | Report abuse

Define "illegal foreclosure" .. either you were months behind on your payments or NOT..

Posted by: Anonymous | September 29, 2010 9:17 PM | Report abuse

others figures


Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowledge
Can it be True? Fraud Digest – Mortgage Fraud JPMorgan Chase Barbara Hindman et al

Posted by Foreclosure Fraud on September 29, 2010 · Leave a Comment

Chase Home Finance, LLC
Whitney Cook
Beth Cottrell
Stacy Spohn
Christina Trowbridge
JPMorgan Chase
Washington Mutual Bank
Margaret Dalton
Barbara Hindman
Lender Processing Services
Long Beach Mortgage


Action Date: September 30, 2010
Location: New York, NY

On September 29, 2010, financial giant JP Morgan Chase announced it was suspending 56,000 foreclosures because its documents may have been “submitted without proper review.” To assist JPMorgan Chase, Fraud Digest suggests that it dismiss those actions where the Affidavits or Mortgage Assignments were signed by the following robo-signers: Beth Cottrell, Whitney Cook, Christina Trowbridge and Stacy Spohn from the Chase Home Finance office in Franklin County, OH; Margaret Dalton and Barbara Hindman from the Jacksonville, FL office of JPMorgan Chase; and any of the Lender Processing Services robo-signers from the Dakota County, MN office including Christina Allen, Liquenda Allotey, Christine Anderson, Alfonzo Greene, Laura Hescott, Bethany Hood, Cecelia Knox, Topako Love, Jodi Sobotta, Eric Tate, Amy Weis and Rick Wilken. In particular, JP Morgan Chase should look at those cases where the bank has supposedly assigned mortgages to WaMu, WMALT, Long Beach Mortgage Company and NovaStar trusts years after the closing dates of these trusts. The number of questionable or fraudulent documents is likely to be much closer to 560,000 than to 56,000, and that will only be a good beginning.

Lynn Szymoniak

For more on Barbara and others just like her, check out my Foreclosure Fraud Guide that I published last year.

~
4closureFraud.org

~

Posted by: Anonymous | September 29, 2010 9:22 PM | Report abuse

We need to start naming names here in Virginia, Dc and MD, there are large law firms which have made millions of dollars on the backs of fraudulent documents both in VA and DC taking advantage of the non judicial nature of the foreclosure process in those jurisdiction and the MD judicial foreclosure process where people were usually steam rolled.

The same practices of forged signatures and forged affidavits, affidavits with completely inaccurate information, documents with invalid or unlicensed notaries, lack of proper accounting for the whole single transaction.

Bu these lawyers acting this way they opened themselves for claims of gross negligence.

Lenders like Pinnacle Financial, First Magnus Financial, Indymac, Congressional Funding, were in the mix, they rented their corporate name, got paid undisclosed fees for that and got paid in full for money they never had.

So when the say that the information is accurate, that is false. We have over 7,000,000 foreclosures that have been preformed all over the nation under the cloak of fraud, misrepresentation, deceit and by unethical unscrupulous law firms and lawyers.

This is a shame, it is the FORECLOSURES STUPID, Mr Obama, you want millions of votes do something about this fraud, I have three registered voters in my hose willing to vote for you.

Posted by: Anonymous | September 29, 2010 9:32 PM | Report abuse

And how about going back 5 or more years and looking at those foreclosures. Then add bank and mortgage company fraud, they do/did everything to blame the borrower rather than themselves.

Posted by: gmclain | September 29, 2010 9:38 PM | Report abuse

Something doesn't smell right.

First, we were told that the reason the housing market went belly-up was because people who shouldn't have gotten loans (the very people that are now in foreclosure) were able to get loans because of shoddy/fraudulent paperwork - no income verification, no employment verification, etc.

Now we are being told that shoddy paperwork/fraud is surfacing with foreclosures.

Something is wrong with this picture, but I'll bet my last dime that the banks are still raking in the money, and either way "we the people" will pay.

Posted by: Anonymous | September 29, 2010 9:46 PM | Report abuse

"I understand that there are laws that govern foreclosure, but at the end of the day what does the signing of these documents even mean? The homeowners weren't paying their loans so therefore they have to go. By dumping the properties and their loans, the banks can get the bad loans off their books and move on."
-------------------------------
jsuf : yes, but getting the bad loans off their books means recognizing a LOSS. How big, you ask? Obviously, it depends on the bank, but wikipedia estimates an aggregate $400 billion to date. Hard to pay a bonus if you have to recognize a loss.

Also, the new buyer is entitled to clear title. With all the slicing and dicing of mortgages, not to mention forgery and perjury, if the bank cannot guarentee clear title at time of sale, how can it sell the house?

Posted by: Anonymous | September 29, 2010 9:52 PM | Report abuse

how can these people be in default if the banks have declared on their 10K and 8K filings with the SEC that these mortgages have been satisfied?

How can these people be in default if the true creditor, the true undisclosed creditor has already been paid by third undisclosed parties, including but not limited to the financial bail out, the federal reserve, credit default swaps, etc.

yes the documents are fraudulent but the worse part is the accounting is also a fraud. Now we need to look for the money trail, WHERE IS THE MONEY BABY?????


UNDISCLOSED YIELD SPREAD PREMIUMS, UNDISCLOSED THIRD PARTY PAYMENTS, UNDISCLOSED TRANSFERS, UNDISCLOSED, US REGISTERED AND UNINCORPORATED REMIC TRUSTS.

ALL THE MONEY IS THE THE SECRET ACCOUNTS IN THE TAX HAVENS WE ALL KNOW ABOUT.

AND WE STILL BAIL THEM OUT.

Posted by: Anonymous | September 29, 2010 9:59 PM | Report abuse

fOR THE TRUTH ABOUT THIS FRAUD YOU MAY WANT TO VISIT

WWW.LIVINGLIES.WORDPRESS.COM
WWW.4CLOSUREFRAUD.ORG
WWW.MSFRAUD.ORG

THE ACCOUNTING IS THE KEY, THE FORGE DOCS AND AFFIDAVITS IS JUST PART OF THE COVER UP.

ALL THESE LOANS A ILLEGAL, NON COMPLIANT WITH THE TRUTH IN LENDING ACT. RESPA, FDCPA, MDA, AND A WHOLE BUNCH, APPRAISAL FRAUD, BAIT AND SWITCH, GROSS NEGLIGENCE, SLANDER OF TITLE, AND THE LIST GOES ON.

THIS IS JUST THE TIP OF THE ICEBERG. MILLIONS OF AMERICAN FAMILIES HAVE BEEN RUINED BY BECOMING VICTIMS OF A DOUBLE HEADED PYRAMID CALLED SECURITIZATION.

EVERYONE THINKS WE ARE DEAD BEATS, THAT IS FINE. HOWEVER THE TRUTH IS VERY DIFFERENT.


THE PRETENDER LENDERS THAT ARE FORECLOSING HAVE NO LEGAL RIGHT TO DO SO.

THAT IS WHY THEY NEED TO FORGE, FABRICATE, LIE AND STEAL AS YOU CAN SEE THE BAIL OUT WAS NOT ENOUGH

Posted by: Anonymous | September 29, 2010 10:09 PM | Report abuse

Great!! ANother freeze on foreclosures... At this rate, we'll find a bottom in the housing market in no time...

Posted by: Anonymous | September 29, 2010 10:09 PM | Report abuse

fOR THE TRUTH ABOUT THIS FRAUD YOU MAY WANT TO VISIT

WWW.LIVINGLIES.WORDPRESS.COM
WWW.4CLOSUREFRAUD.ORG
WWW.MSFRAUD.ORG

THE ACCOUNTING IS THE KEY, THE FORGE DOCS AND AFFIDAVITS IS JUST SMALL PART OF THE FRAUD.

ALL THESE LOANS ARE ILLEGAL, NON COMPLIANT WITH THE TRUTH IN LENDING ACT. RESPA, FDCPA, MDA, AND A WHOLE BUNCH OF FEDERAL AND STATE, APPRAISAL FRAUD, BAIT AND SWITCH, USURY, GROSS NEGLIGENCE, SLANDER OF TITLE, AND THE LIST GOES ON.

THIS IS JUST THE TIP OF THE ICEBERG. MILLIONS OF AMERICAN FAMILIES HAVE BEEN RUINED BY BECOMING VICTIMS OF A DOUBLE HEADED PYRAMID SCHEME CALLED SECURITIZATION.

MY QUESTION TO ALL THE PEOPLE THAT BELIEVE BORROWERS ARE AT FAULT FOR THIS MESS IS

DID WE ALL COME UP WITH THE LOANS, THE SECURITIZATION PROCESS, THE EXOTIC INVESTEMENTS, DID WE UNDERWRITE AND PRESOLD THE BONDS TO THE INVESTORS?

AT LEAST I DID NOT DO ANY OF THAT.

WHEN WE TALK ABOUT RESPONSIBILITY WE NEED TO PUT THE NECESSARY WIGHT TO THE ARGUMENT FROM THE BORROWERS. THE DOCUMENTS WE WERE GIVEN, OR THE LACK THEREOF HAD TO DO A LOT WITH OUR DEBACLE. WE WERE TOLD AND SOLD ON LOAN PROGRAMS THAT NO EVEN A MATHEMATICIAN CAN DECIPHER.

MOST PEOPLE HAD EITHER A LOAN OFFICER OR PHONE ATTENDANT DO THE PAPER WORK FOR THEM. THEY WERE USUALLY TOLD THAT THE LOANS WERE NO DOCS, WHEN IN FACT THEY WERE FULL DOC OR LOW DOC LOANS. MOST PEOPLE CLOSINGS TOOK LESS THAN 30 MINUTES, MANY DID NOT EVEN GET COMPLETE COPIES OF THEIR LOAN DOCUMENTS.

WE NEED TO UNDERSTAND THAT THE PEOPLE WITH THE KNOWLEDGE AND ADVANTAGE HAD A PROFIT INCENTIVE TO GET US TO SIGN AND THEY MADE SURE THE PROCESS WAS DONE AS FAR AWAY FROM YOUR SPHERE OF INFLUENCE AND KNOWLEDGE.

WHAT ABOUT THE INCESTUOUS RELATIONSHIP BETWEEN LENDERS, BUILDERS, APPRAISERS, REAL ESTATE AGENTS AND CLOSING COMPANIES

EVERYONE THINKS WE ARE DEAD BEATS, THAT IS FINE. HOWEVER THE TRUTH IS VERY DIFFERENT.
THE WORLD IS USUALLY MORE COMPLEX THAN WE MAKE IT TO BE. WE NEED TO LOOK DEEPER AND GO AFTER THE MONEY. THESE PRETENDER LENDERS INSTEAD OF HELPING THE WANT YOU OUT BECAUSE FOR THEM THERE IS MONEY TO BE MADE, REGARDLESS OF WHAT THEY CLAIM. REMEMBER THEY NEVER PUT MONEY ON THE TABLE. THEY JUST SERVICE THE LOAN.

THE PRETENDER LENDERS THAT ARE FORECLOSING HAVE NO LEGAL RIGHT TO DO SO.

THAT IS WHY THEY NEED TO FORGE, FABRICATE, LIE AND STEAL AS YOU CAN SEE THE BAIL OUT WAS NOT ENOUGH

Posted by: Anonymous | September 29, 2010 10:24 PM | Report abuse

And the State of Florida has set up special courts with the mandate to clear out the foreclosure backlog.

The result is that a whole mess of these shady foreclosures are being pushed through the system just to clear the deck.

Posted by: gschultens | September 29, 2010 10:30 PM | Report abuse

I posted an example of an AZ vet (Henry Newman of Willcox AZ) who had his house foreclosed and it was PAID OFF. He tried for over a year to convince Bank of America that he had the proper documentation and could prove he owned the house free and clear. They had this guy's home ready to auction off and it's still listed on real estate foreclosed property listings. In frustration he hired a lawyer to sue BofA. That's the only thing that stopped the process. Read the story and how many other people did this happen to?

http://www.southcoastaccidentattorney.com/news/arizona-couple-sues-bank-of-america-alleging-unlawful-foreclosure20100915.cfm

Posted by: Desertdiva1 | September 29, 2010 10:47 PM | Report abuse

FUZZY MATH FROM JP MORGAN CHASE:
WAMU had 500,000 (fraudulent?) loans assumed by JPMorgan Chase in a (fraudulent?) questionable takeover via the FDIC.(reference: WAMU Bondholders vs JPMC and FDIC)
Yet only 50,000 need to have (fraudulent?)assignments or (fraudulent?) affidavits inspected???
20 working days divided by even 50,000 is 2500 files per day?
Sounds like more robo-signing for CORRECTIVE ASSIGMENTS/AFFIDAVITS!
When are the FEDS FINALLY going to bust the JPMorgan Chase (alleged criminal?) punks and their criminal WAMU buddies?
www.wamuloanfraud.com
Rob Harrington
National WAMU Homeowners Support Group

Posted by: Rob Harrington | September 29, 2010 11:27 PM | Report abuse

My house was signed off to foreclosure illegally after I had qualified for the HAMP modification. The worst part is that the value of my house is well above what I currently owe, so its ripe for my bank as a reposession, and its not good because most of the refinancing help and modification options were only available to underwater home owners.

If it wasn't for the excellent lawyer I hired to defend me, I would have lost my house. Now my loan is reinstated and I am reimbursed for the legal fees and illegally assessed foreclosure fees levied by the incompetent company responsible for financing my Fannie Mae loan.

I can't say that if I didn't hire a lawyer (that knew exactly how to approach this situation properly) that I'd still be in my home now. I talked to a bankruptcy attorney that worked hard to convince me that bankruptcy is the only way, but luckily after reading on foreclosure fish (google it) that there is a legal process to stop illegal foreclosure sale without filing for bankruptcy (that would have caused a whole bunch of other problems for me).

I am glad to be at the end of this ordeal. The mortgage company had to clear my credit report and reinstate my loan properly. We actually filed suit the day before my house was scheduled to sell, which stopped 2 attempts by the mortgage companies to sell my house despite me making HAMP payments on time. I am so thankful to Christine Axsmith, www.axsmith.net my lawyer in DC for her decisive action in helping me to keep my house when I was facing a monstrous company intent on illegally taking my house in DC.

I'd really like to know more about the motivation behind why these orders were signed without review. I know so many people were moved out of their houses illegitimately, especially elderly people, even though they did everything right in the worst economy ever... Talk about the people who have already been foreclosed upon rather than the people that have been saved in advance of foreclosure. Hold these people accountable WP!

In DC court, you can go to landlord tenant court if you rent and you can withhold rent if the landlord doesn't fix things in a timely manner, but as a homeowner in DC, if you get laid off, its a nonjudicial foreclosure region, so your mortgage company doesn't even have to appear in court before a judge to get an order to sell your house. Renters have more rights in DC than homeowners, your ability to own property (of value) is being stolen from you. This is just another example of why that's wrong, and how the DC legal system offers no concession to property owners, pushing gentrification efforts forward.

Posted by: Anonymous | September 29, 2010 11:29 PM | Report abuse

Come on! We all know what happened and what is going on!

John Q. Public starts working and raising a family. He planed and saved for their first home, all the while learning what the requirements are, and depending on MR. Realtor and MR. Banker to keep him straight and financially correct in his planning. That is their job.

Suddenly our ballot box selected politicians in DC saw fit, without financial soundness, to lower the requirements so they could suck up more of John Q. Public’s money.

John Q. Public finds that he could move into his first home sooner than he thought. Mr. Realtor, Mr. Banker, and the DC Politicians knew that John Q. Public would not be able to maintain the mortgage on his income. How do I know this? That is their business. They use time proven method and models that are in their computers that shows them who is a good risk and who is not. However, they saw an opportunity that their greed would not let them ignore, and great risks were, and still are being taken, and there are financial troubles in the making – still.

The trouble started at the voting booths and then the people who are supposed to be our good-buddies-at-the-bank knowingly, I say knowingly, let us down. You cannot convince me that bankers and realtors do not know a bad loan when they see it.

John Q. goes into the world, develops a skill, which is not in banking. However, he has been working all along gathering knowledge and the funds to start buying his first house. Suddenly the bar is lowered and old John Q. is given a loan before he is financially ready, before he knows enough to recognize a too-good-to-be-true deal coming from a knowledgeable Realtor, banker, and a host of knowing-exactly-what-they-are-doing politicians in DC.

There is a lot of the first listed of the Seven Deadly Sins, GREED, involved here.

When John Q. #1 cannot meet his mortgage responsibilities, Mr. Banker as planned, allows him to do a short sell and #1 takes up a note on the shortage.

Mr. Realtor goes on the search for another sucker in his computer program. Mr. Banker allows John Q #2 a mortgage on the same house, at a reduced value, knowing that #2 will not be able to make the payments after time. Mr. banker allows #2 to sell short and take up a note on the shortage. And, it goes on and on until the economy recovers and the value of the house is as it was in the beginning or better.

The house is sold at the going price. Mr. Banker is receiving payments from two short sells and from one standard mortgage. Mr. Realtor has had the benefit of three sells.

Let us assume that the banker and realtor have a stable of houses they are working. Life can get sweet if you do not mind screwing your neighbor and if you don’t get caught.


Posted by: Anonymous | September 29, 2010 11:54 PM | Report abuse

Get information on how to reduce your debt by filing for bankruptcy http://bit.ly/avB0jI

Posted by: joeaken30 | September 30, 2010 2:51 AM | Report abuse

Three thoughts:

1. The ongoing TRM investigation is astounding not because it happened but because the mortgage brokers, loan officers, appraisers, settlement companies, notaries and banks all conspired in the process. How can you find so many people willing to be dishonest and not one willing to bring the house down????

2. Given the above, why should the foreclosure process not be astoundingly corrupt as well?

3. (See posting by "anonymous" at 0713 today above) Who in his right mind would ever describe the media as "right-wing"?

Posted by: Anonymous | September 30, 2010 10:06 AM | Report abuse

Why is everyone so upset here?

The recession has been over since June 2009!

Of course, next week, we will be announcing that no one is unemployed in Louisiana, Detroit is still the car capital of the world and China poses no military threat to anyone

Posted by: Anonymous | September 30, 2010 10:13 AM | Report abuse

My home was foreclosed by Chase in Texas on September 7. I signed a forbearance agreement and payments were made from May through August. I also was under HAMP eligibility review (again) on September 2. Chase never sent notice that my home would be sold or the HAMP modification denied. I got a note on my door on September 10 that my home was now owned by Fannie Mae. According to my agreements, foreclosure would not be processed as long as my payments were made as agreed (they were) or while I was in the eligibility period. My home was illegally sold by Chase. I wonder if the Chase spokesperson would consider me one of the ones harmed? I have written the Chase CEO, President Obama, my representatives, senators, and attorney general. I have also filed a complaint with the FTC and OCC. We are becoming the new homeless, due to the fradulent actions of the greedy banks.

Posted by: psalms121 | September 30, 2010 10:17 AM | Report abuse

I would like the Post to follow up on the Angela Nolan (Chase "allonge" signatory) deposition from March 2010, wherein she admits not personally signing "Allonges" to Promissory Notes (which purportedly establishes the chain of title in order to proceed with foreclosures).

This on top of the recent story about "robo-signors" Jeffrey Stephan and Beth Ann Cottrell is HUGE. The Post has the means and the responsibility to shed more light on the vast number of people being put out of their homes by illegal means.

Posted by: mikework09 | September 30, 2010 3:42 PM | Report abuse

I would like the Post to follow up on the Angela Nolan (Chase "allonge" signatory) deposition from March 2010, wherein she admits not personally signing "Allonges" to Promissory Notes (which purportedly establishes the chain of title in order to proceed with foreclosures).

This on top of the recent story about "robo-signors" Jeffrey Stephan and Beth Ann Cottrell is HUGE. The Post has the means and the responsibility to shed more light on the vast number of people being put out of their homes by illegal means.

Posted by: mikework09 | September 30, 2010 4:17 PM | Report abuse

Anyone needing some investigative information regarding the following lenders, brokers, servicers, notaries ...

Goldman Sachs
Litton Loan Servicing
HSBC
Fremont Investment and Loan
Marti Noriega
John Crandall
Brenda Mckinzy
Leigh Blackwell


Go to the link below

https://fdaaccount.box.net/shared/a1pjz9sz5c

Posted by: Anonymous | October 1, 2010 4:15 AM | Report abuse

My name his Jean David Compere I was suffert by foreclosure fraud (NACA) Send The package Modification to Flagstar Bank hi nerver open the file, when i called bank hi sey give me 30 days for review the file,before 30 days the bank foreclosed my house . I was file Complaint by (HuD) The sey hi not maked modification ,but hi want to settle the case by cash money the Bank offert me $ 3500,00 for settlement,his not fair,hit his insulte for me in my Family

Posted by: Anonymous | October 2, 2010 3:26 PM | Report abuse

you don't pay, then you lose it. Who owns it is up to the banks to fight over. A new buyer has a title search completed and insurance. If the title company finds the title clear then the bank that owns the property they foreclosed on, owns it. It is in the best interest of the banks to get this cleared up to get this debt off their books. I just signed a 90 day extension on my closing date for a bank owned property that was supposed to close on 10/4/10. Title search was complete and clear. I expect these matters to be cleared up soon, also, I doubt if it will have ANY affect on the housing market prices and inventory. Wishful thinking on some peoples part.

Posted by: Anonymous | October 2, 2010 5:18 PM | Report abuse

Anyone needing some investigative information regarding the following lenders, brokers, servicers, foreclosure mills, Title Companies, officers and notaries:

Goldman Sachs
Litton Loan Servicing
HSBC
Fremont Reorganizing
LPS Title Company
The Wolf Firm, A Law Corp
Marti Noriega
Debra Lyman
John Crandall
Brenda Mckinzy
Leigh Blackwell
Daniella Marie Garrett
Melissa Bell

Go to the link below:

https://fdaaccount.box.net/shared/a1pjz9sz5c

Posted by: Anonymous | October 2, 2010 6:09 PM | Report abuse

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