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So Much For Bank Claims That Nothing is Wrong with Foreclosures: 4450 Foreclosures Halted In NYC Due to Inaccuracies

By Implode-Explode Heavy Industries

"After the dramatic multi-state foreclosure halts by three major servicers, GMAC, Bank of America, and JP Morgan, over the use of improper, ?robo signed? affidavits, the new party line from these banks and others who also used robo signers, like Wells Fargo, is that this was a mere ?technical? problem, that they had reviewed ten of thousands of pending foreclosures and claimed the underlying information and processes were sound."

Full post as published by Mortgage Lender Implode-o-Meter on October 25, 2010 (boomark / email).