A gathering place for Wisconsin Homeowners that are having problems with Chase Home Finance and the HAMP modification program.
Monday, October 4, 2010
Flawed Paperwork Aggravates a Foreclosure Crisis
"Linda M. Tirelli, a lawyer in White Plains who represents Ms. Nuer in the case against Chase. “This is not about getting a free house for my client. It’s about a level playing field. If I submitted false documents like this to the court, I’d have my license handed to me.”
"Judges may dismiss the foreclosures altogether, barring lenders from refiling and awarding the home to the borrower. That would create a loss for the lender or investor holding the note underlying the property. Almost certainly, lawyers say, lawsuits on behalf of borrowers will multiply."
EDITORS note: you will have to obtain the paper version of the New York Times to see the three examples of obvious forgeries. The fact that it is on the front page of the newspaper is significant in itself. Gretchen Morgenson has done an excellent job of summing up the examples of fabrication, improper purposes, improper procedures and the probability that actual crimes have been committed.