In thousands of foreclosure cases, key documents may have been fabricated by employees of mortgage servicing companies who have falsely held themselves out as bank officers. Because most foreclosures are the result of defaults, the validity of these assignments has most often gone...
Recently, the Pinellas County Department of Justice and Consumer Services delivered the first of four foreclosure fraud seminars. Len Ciecieznski, community outreach coordinator for the Pinellas County Communications Department, warned that scammers are now taking advantage of homeowners receiving demand letters from their lenders or the lenders’ lawyers. Scammers promise people who have fallen behind on their mortgage that they can save their home through special deals they have with lenders....
localIn many foreclosures, the Mortgage Electronic Registration Systems (MERS) is involved. Originally designed to track servicing rights and ownership of mortgage loans in the United States, MERS is a private...
casesIn a recent series, Fraud Digest reports that Assignments are often missing critical documents in foreclosure documents. Foreclosure Document Mills Despite the hundreds of thousands of foreclosure cases,...
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