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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William A. Roper, Jr.
The Wall Street Journal is reporting that only 106 foreclosures were scheduled in New York in January 2011, down from 473 in June 2009.

The story is:

"Paperwork Rule Slows Auctions" by Josh BARBANEL (February 10, 2011) [subscription]
http://online.wsj.com/article/SB10001424052748704858404576134333741564532.html

The story quotes the web site:

 
At 106 foreclosures a month, it is going to take a very long time to clear a backlog of over 80,000 active foreclosures!

Happily for New York defendants, the rate of dismissals should exceed the number of foreclosures by February!
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