NJ: Mortgage firms face possible foreclosure freeze

posted by
December 21, 2010
MarketWatch    
Posted in News

"The chief judge of New Jersey's highest court ordered six leading mortgage lenders and servicers to face a possible freeze on their foreclosures in the state due to problems in handling documents, the Associated Press reported. ... [Supreme Court Justice Stuart] Rabner's order follows a report to the Supreme Court citing depositions and court filings in other states. It portrayed a system rife with abuse in the filing of foreclosures that include 'robo-signing,' in which employees signed hundreds of documents without checking them for accuracy." (12/21/10)

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