Foreclosure Crisis Threatens to Halt More Default Cases
The dominoes are still falling in the latest foreclosure
crisis. As more mortgage lenders admit to widespread mishandling of foreclosure documents, the consensus is growing that many more lenders and loan servers will need to stop their foreclosure machines
. Among the problems cropping up: documents signed without verification; improperly notarized documents (including some notarized before the documents' preparation); and forged signatures. HousingWatch first reported some so-called "foreclosure mill" issues back in March
. Stay tuned for continued foreclosure-crisis updates.