After Forensic Investigation of Mortgage Documents
Massachusetts Official Declares Registry a "Crime-Scene"
Massachusetts Southern Essex Register of Deeds John O'Brien is calling for a full-scale criminal investigation into forged and fraudulent foreclosure and mortgage documents that he says are filling the filing cabinets of court clerks and County recorders across the country.
The settlement is between officials from 49 states and Wells Fargo, Bank of America, JP Morgan Chase, Ally Financial, and Citigroup. It addresses claims that banks routinely used fraudulent practices such as robo-signing to wrongfully foreclose on hundreds of thousands of mortgages. Accordingly, the agreement contains several provisions that entitle certain homeowners to $25 billion in relief. As Bloomberg News reports:
Corrupt banking and lending practices are tormenting homeowners in both states at rates unmatched elsewhere, but only one state's elected officials actually give a damn.
In recent weeks, CA Attorney General Kamala Harris began pressuring state lawmakers to pass a "Homeowner Bill of Rights." The move is not only a strong signal of caution for banks hoping move forward with their predatory foreclosing schemes, but makes resoundingly clear Harris's ongoing commitment to protect California's 2.2 million underwater homeowners from further injustices.
When a mortgage goes into default (or when a servicer PRECIPITATES a default by fraud), the servicer typically orchestrates the foreclosure. But very often the servicer does this by engaging the servicers of national “foreclosure specialists”, such as Fidelity, FANDO, and or NDex. These institutional “foreclosure specialists” take charge and call the shots.