Major Foreclosure Servicer Charged With Forgery

  Finally, someone is getting indicted for robo signing. Robo signing, if you haven’t heard or know what it was, is having  employees signing thousands of  false mortgage documents. Read the story below from the New York times for further explanation: “DocX, one of the largest companies in the nation to provide foreclosure services to […]

60 Minutes: Mortgage Paperwork Mess, Bank Servicers Committing Fraud

I had heard about this “robo” signing. But here exposed by 60 Minutes is the story of how they did it. Its simply amazing that the banks and Wall Street created the recession that we are in, but they continue their shoddy practice without regulation even today! Banks can’t find their paper work, so why […]

Home Prices Drop In February

Following three months of sales gains, California home sales posted a weaker-than-expected performance and declined in February, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).  The statewide median price of an existing, single-family detached home sold in California also declined in February. Closed escrow sales of existing, single-family detached homes in California totaled […]

Wells Fargo to Refile 55,000 Foreclosure Cases

Wells Fargo & Co. said it plans to refile paperwork in 55,000 foreclosure cases after it discovered flaws in foreclosure documents. The San Francisco-based bank, which is also among the largest providers of residential mortgages in Minnesota, had previously stood by its foreclosure paperwork as other major mortgage lenders came under scrutiny. Wells Fargo proceeded […]