Robo-Signers

BANK OF AMERICA STOPS FORECLOSURES NATION WIDE 10/8/2010

by Jeff Cameron October 8, 2010 Real Estate Market Update

Wow! Bank of America stops foreclosures nationwide. I am shocked. What next? We now know the too big to fail extended, deepened and worsened this crisis. AIG has been the biggest culprit in driving down prices due to rejecting short sales. If they would have just failed, then have the US government bailout American Banks …

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AMAZING STORY ABOUT THE BANKS: JPMorgan Halts Foreclosures, “Robo-Signers” Appear Commonplace

by Jeff Cameron October 1, 2010 Real Estate Market Update

This is interesting. So, I guess you have to review the file before you just sign off and send someone to foreclosure. Wow! Doesn’t that make sense. It appears the banks have set up a kind of conveyor belt of processing delinquent loans to foreclosure. The law states they have to read the file and …

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