This is a serious problem that will likely require state level remedial legislation.
Sorry, this seems like much ado about very little. It appears that the banks have been trying to save some expense by “mass-producing” foreclosures. These errors are very minor and can be easily corrected. The foreclosure process will slow down, expenses will go up for foreclosing lenders (maybe in a few cases the expense may even make foreclosing uneconomical), and some lenders may have to pay damages for not following required foreclosure procedures; but there will be no massive land-title problems.