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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The Fees
He's tellin' da truth man!

This is Gospel dude!  He ain't liein'!!!!

Those costs include evicting the occupants; rekeying the doors; cleaning the property; and paying taxes, closing costs and real estate agent commissions.

“We would much prefer that somebody else take on the headaches with some of these homes,” said Bob Norrell of Litton Loan Servicing, which services 400,000 loans and manages 12,000 foreclosed properties nationwide.

source
http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20070720/BUSINESS/207200306/-1/XML07?fromrss=1
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