Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Chase Bank offers Florida homeowners incentive to short sell

June 27, 2011 04:30PM
Since last fall, Chase Bank has been quietly offering some Florida homeowners a deal they can't refuse, according to the Sun Sentinel. In return for $10,000 to $20,000, borrowers behind on their mortgage payments will agree to a short sale. In other words, Chase is forgiving homeowners the money they owe, with a cash bonus to boot.
"It's like hitting the lottery," said realtor Chip Rowand.

Chase spokeswoman Nancy Norris explained that the bank is cutting its losses and choosing to avoid lengthy foreclosure proceedings. "Our goal is to help as many people avoid foreclosure as possible," she said
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Way

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Not sure what I hit that posted the message after typing only three characters. 

Anyway, Ann's posting speaks volumes for the state of the foreclosure fiasco in Florida.  And don't think for one minute that the decision on the bribe amount is not based on the toxicity level of the loan.


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