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Officials in 49 states launch foreclosure probe
AP/YahooNews ^ | 10/13/10 | Alan Zibel

Posted on 10/13/2010 9:40:28 AM PDT by Kartographer

Officials in 49 states and the District of Columbia have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners.

The states' attorneys general and bank regulators will examine whether mortgage company employees made false statements or prepared documents improperly.

Alabama was the only state not to join the investigation.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: boa; chase; finreg; foreclosure; foreclosuregate; jpmorgan; mortgage; tarp
"What we have seen are not mere technicalities," said Ohio Attorney General Richard Cordray. "This is about the private property rights of homeowners facing foreclosure and the integrity of our court system, which cannot enter judgments based on fraudulent evidence."
1 posted on 10/13/2010 9:40:31 AM PDT by Kartographer
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To: Kartographer

“Only 8 more states to go” - BHO


2 posted on 10/13/2010 10:00:37 AM PDT by cowtowney
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To: cowtowney

Because of the recent mortgage debacle today President Obama put in place executive orders that will force American bankers to follow the tenants of Sharia business law.


3 posted on 10/13/2010 10:08:25 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Kartographer
"and the integrity of our court system, which cannot enter judgments based on fraudulent evidence."

So when are the Grand Juries going to be empaneled?

4 posted on 10/13/2010 10:11:24 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Lurker

Not so sure there are many right here on FR who would hardily disagree with these AG’s as they seem to have little regard for the rule of law.


5 posted on 10/13/2010 10:15:28 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: cowtowney

Nice. You beat me to it


6 posted on 10/13/2010 10:17:26 AM PDT by The_Sword_of_Groo (<=== Proudly resides in occupied Georgia)
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To: Kartographer; Chunga85; P-Marlowe; Roccus; Neidermeyer; BelegStrongbow; Fred; null and void

Phony Forged Foreclosure Papers ping

To get on/off the PFFP ping list FReep mail me


7 posted on 10/13/2010 10:18:03 AM PDT by null and void (We are now in day 631 of our national holiday from reality. - 0bama really isn't one of US.)
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To: Kartographer

We sure are a long way from the days that the local savings and loan owned the note on our house. And our neighbor was the VP of the lending department. I mowed his lawn as a kid.


8 posted on 10/13/2010 10:18:41 AM PDT by PogySailor (The ruling class will not go down easily. And neither will their paid hacks.)
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To: Kartographer

Bankers can do no wrong. Laws only apply to the debtors.


9 posted on 10/13/2010 10:46:23 AM PDT by mas cerveza por favor
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To: Kartographer
Attorneys general have taken the lead in responding to a nationwide scandal that's called into question the accuracy and legitimacy of documents that lenders relied on to evict people from the homes. Employees of four large lenders have acknowledged in depositions that they signed off on foreclosure documents without reading them.

Without reading them? Like that's new?

10 posted on 10/13/2010 11:18:27 AM PDT by Jaded (Stumbling blocks ALL AROUND, some of them camouflaged well. My toes hurt, but I got past them.)
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To: cowtowney

Can we get a foreclosure on the occupants of the White House & Blair House?


11 posted on 10/13/2010 12:32:12 PM PDT by ridesthemiles
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