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To: MamaDearest
JP Morgan Chase told CNBC on Wednesday that it will delay more than 56,000 foreclosure proceedings due to paperwork that was signed, "without the signer personally having reviewed those files."

I used to drive the mortgage brokers crazy by actually reading the documents at a signing. "Nobody does that." "That" was nearly 20 years ago. I can only imagine...

11 posted on 10/01/2010 12:09:14 AM PDT by Carry_Okie (Managing "The Environment" is the power to control the entire economy.)
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To: Carry_Okie
I used to drive the mortgage brokers crazy by actually reading the documents at a signing. "Nobody does that." "That" was nearly 20 years ago. I can only imagine...

20 years ago, closing on the house I am in now, I read all the documents (or tried to!) with one of the realtors constantly piping up with irrelevant comments. That woman could not stand a moment of silence...I had to keep stopping to give her the evil eye, so that I could read the papers I was putting my signature to.

And even at that the lawyer had messed it up. He had to go back months later and file corrections, I forget exactly what.

12 posted on 10/01/2010 1:02:48 AM PDT by thulldud (Is it "alter or abolish" time yet?)
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To: Carry_Okie

When I bought my first house in the early 90’s I had to sign 5 documents at the bank to close. When I bought my current house in 2001 my hand got cramps from all the signing required...


24 posted on 10/01/2010 8:10:27 AM PDT by sarge83
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