Real Estate & Property Law

How Widespread Are Foreclosure Flaws
From today's Times: "An audit by San Francisco county officials of about 400 recent foreclosures there determined that almost all involved either legal violations or suspicious documentation, according to a report released Wednesday...

Dubious signatures, missing, inaccurate paperwork halt 4,450 city foreclosures
Thousands of foreclosures across the city are in question because paperwork used to justify the seizure of homes is riddled with flaws, a Daily News probe has found. Banks have suspended some 4,450 foreclosures in all five boroughs because of paperwork problems like missing and inaccurate documents, dubious signatures and banks trying to foreclose on mortgages [...

Why No Investigation
Here's a bombshell: the San Francisco City Assessor commissioned a serious audit of foreclosure documentation filed in the past few years. The audit examined 400 foreclosures. It found problems with 85% of them, often multiple problems...

Foreclosure Reform
Let's assume we can all agree that foreclosures ought be accompanied by proper documentation and that a great many foreclosures accompanying the financial crisis were not. Less clear is what can or should be done about it looking backward...

Massachusetts High Court Voids Foreclosures For Lack Of Proper Documentation
Just a few hours ago, the Massachusetts Supreme Judicial Court voided foreclosures by megabanks U.S. Bancorp and Wells Fargo because neither could document title to the properties. As the New York Times explains: In a ruling that may affect foreclosures...

Obama Administration, State AGs, and Banks May Be on Brink of Deal Concerning Sloppy and Fraudulent Foreclosures
We have blogged before on revelations that many mortgage foreclosures resulting from the recent financial crisis were not supported by adequate documentation. You'll recall that some banks temporarily halted their foreclosures and state attorneys general took action to try to...

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