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Real Estate & Property Law

: The Home Equity Theft Reporter

Defunct Mortgage Lenders Seek Bkptcy Court OK To Physically Destroy 1000s Of Boxes Of Original Loan Documents Despite Paperwork Concerns In F'closures

By r morris

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In Wilmington, Delaware, Reuters reports:Federal bankruptcy judges in Delaware are due to hold separate hearings Monday on requests by two defunct subprime mortgage lenders to destroy thousands of boxes of original loan documents.The requests, by trustees liquidating Mortgage Lenders Network USA and American Home Mortgage, come despite intense concerns that paperwork critical to foreclosures and

Full post as published by The Home Equity Theft Reporter on January 24, 2011 (boomark / email).

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