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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Ticking
National Foreclosure Ticker
http://www.responsiblelending.org/mortgage-lending/tools-resources/national-foreclosure-ticker.html

Over one million foreclosures in 2009 and still counting.

It adds up to disaster.

The economic crisis started with home foreclosures, and the numbers are getting worse: 6,600 new foreclosures a day; one every 13 seconds.

Washington needs to understand that helping homeowners is key to helping the entire economy.
To stop the downward spiral, policymakers must stop relying on voluntary actions by lenders. TARP funds should be used to reduce home losses and encourage more loan modifications. There's also another effective, tax-free way to stop foreclosures: Congress could allow homeowners to get loan modifications through the courts.

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O -

Thats sad!

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Sara
Yep, they numbers of the Sheriff's auctions are back up in my area too.

It's funny though, I checked the list and not one was a MERS.  hmmm...

S
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Stephen

Correction:  The financial crisis started with fraudulent mortgages.  Foreclosures are the outfall.

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O -

Thats for sure!

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