Wow! Have you heard the biggest bank has stopped all foreclosures nationwide. A few banks such as JPM Morgan, GMAC and Allied bank has followed Bank of America’s footstep. It’s a big mess regardless how you look it. Ive read other bloggs, some states the government is pressuring the banks for political gains. That is a hard buy.
These banks were robosiging foreclosure docs. Instead of hiring adequate staff to look over the foreclosure documents, they would just stamp “ok” on every foreclosure document that landed on their desk…So according to AP hundreds and thousands of foreclosure could have been done in error? Scary?
Stay tuned more to come
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