This is the second national lender, in as many weeks recently, to stop their foreclosure efforts due to accusations its employees were signing foreclosure documents without personal verification of documents as required in these states in question.   It seems obvious, that in their zeal to foreclose on borrowers, they are cutting corners to expedite the process.  Unfortunately, this raises the questions as to how many properties that have already been foreclosed on had technical defects in their protocol.  Were those folks thrown out when they should not have been thrown out?

Local Attorney Generals are now involved and Congress will be looking into this to see the scope of these errors.  More to come, I’m sure………..