Homeowners who had foreclosures face ...

Homeowners who had foreclosures face judgments years after the fact

There are 24 comments on the The Washington Post story from Jun 15, 2013, titled Homeowners who had foreclosures face judgments years after the fact. In it, The Washington Post reports that:

Jose Santos Benavides, 42, lives with daughter Gloria, 6, and the rest of his family in a Rockville apartment.

Join the discussion below, or Read more at The Washington Post.

First Prev
of 2
Next Last

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#24 Jun 21, 2013
HomoSexchul VDvictim wrote:
Why are you making me cry? I know what I wrote, I'm a maternal fornicator. I'm guilty of giving head to straw men..and all other kinds of men as well.
Don't feel guilty! But don't tell me any more about it either...:)
Wall Street Government

Sebastian, FL

#25 Jun 21, 2013
In one case, Reuters found that Bank of America Corp had been collecting a monthly servicing fee of $50.73 from investors on a loan that had been paid off nearly two years ago, investor reports show.

Bank of America filed a document at a local county office on July 22, 2011 showing that the $162,400 loan on a cream-colored duplex in Greenacres, Florida, owned by a drywall hanger named Roman Pino, had been satisfied and "canceled." But investors in Pino's loan and more than 6,700 other similar mortgages that are bundled together in a subprime mortgage bond still have not been informed that the loan no longer exists, according to the last investor report in May.

Bank of America spokesman Lawrence Grayson said reporting lags are not typical, and can occur because a sale or mortgage insurance proceeds may not be finalized. Loans can sometimes be subject to litigation, which could explain the ongoing charging of fees, he said.
Wall Street Government

Sebastian, FL

#26 Jun 21, 2013
The review, conducted by foreclosure investigator Lisa Epstein, found hundreds of instances across the United States where information about the status of individual home loans was incorrect. The information about the mortgages is sent from the mortgage servicer, which handles tasks such as collecting monthly mortgage payments and handling foreclosures, to the trustee of the mortgage bonds, which administers monthly reports and makes sure investors get paid.

In 2009, Epstein helped uncover the robo signing scandal, in which she discovered that banks had hired low-level workers to pose as executives, signing hundreds of legal affidavits a day without verifying a single word, as is required by law. The reporting lag issues she identified in mortgage bonds involved many of the same mortgage servicers who engaged in robo signing.

"This is all part and parcel of having servicers who are unable to keep the documentation straight," said Linda Allen, a banking professor at Baruch College, who specializes in mortgage servicing. She said Epstein's methodology was sound.
Home School Valedictorian

Miami, FL

#28 Jun 25, 2013
tha ProfessorConfessor wrote:
<quoted text>
Don't feel guilty! I Fingerfuk my mom before bedtime...:)
To each his own....

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Financial Services Discussions

Title Updated Last By Comments
News Wells Fargo claws back part of CEO, other execu... 2 hr Hostis Publicus 8
News Son of Greeneville officer charged with father'... (Mar '10) Tue GaBa Cheever 6
News Greene County couple dead in murder suicide (Jun '08) Tue GaBa Cheever 672
News Sen. Elizabeth Warren blasts Wells Fargo manage... Sep 26 BLDG SEVEN 16
News Sen. Elizabeth Warren calls for Wells Fargo CEO... Sep 26 lavon affair 30
News Wells Fargo CEO resigns from Federal Reserve ad... Sep 25 dr deemintad 4
News PNM Resources (PNM) - Research Analysts' Recent... Sep 23 Sylvia 3
More from around the web