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Loan Modification

: Mortgage Lender Implode-o-Meter

An Officer of Too Many Banks

By Implode-Explode Heavy Industries

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``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 unchallenged... In 2010, the issue of the validity of Assignment is likely to finally come under examination by regulators, courts, lawyers and distressed homeowners.''

Full post as published by Mortgage Lender Implode-o-Meter on January 18, 2010 (boomark / email).

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