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To: Chunga85

Thanks...I read the comments but the article seems not available to me. Tell me what happened in the court if you have time. What do you think?


79 posted on 04/17/2010 9:03:02 AM PDT by SaraJohnson
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To: SaraJohnson

Snip>

“The pure volume of foreclosures has a tendency perhaps to encourage sloppiness, boilerplate paperwork or a lack of thoroughness” by attorneys for banks, said Judge Tepper of Florida, in an interview. The deluge of foreclosures makes the process “fraught with potential for fraud,” she said.

At an unrelated hearing in a separate matter last week, Anthony Rondolino, a state-court judge in St. Petersburg, Fla., said that an affidavit submitted by the David Stern law firm on behalf of GMAC Mortgage LLC in a foreclosure case wasn’t necessarily sufficient to establish that GMAC was the owner of the mortgage.

“I don’t have any confidence that any of the documents the Court’s receiving on these mass foreclosures are valid,” the judge said at the hearing.

A spokesman for GMAC declined to comment and a lawyer at the David Stern firm declined to comment.

Snip>

Hi Sara, here’s a better link...

http://online.wsj.com/article/SB10001424052702303491304575188943977777722.html?mod=WSJ_hps_LEFTWhatsNews#articleTabs%3Darticle


80 posted on 04/17/2010 9:11:13 AM PDT by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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