All posts tagged "Foreclosure"

LOS ANGELES (Reuters) - A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.

If last year was the year in which faulty foreclosures and bank errors became a full-blown scandal, this has been the year of waiting for something to be done about it.

(Reuters) - The Massachusetts attorney general has filed a lawsuit against five large U.S. banks accusing them of deceptive foreclosure practices, such as robo-signing.

In the still-developing "mortgagegate" scandal, the Obama White House is pledging its loyalties to the letter of the law, vowing Tuesday to hold "accountable" any bank that engaged in foreclosure fraud.

According to sworn statements released by the Florida Attorney General's office, one of the state's "foreclosure mills" bribed employees with jewelry, cars and houses to forge and alter documents required by courts conducting foreclosure proceedings.

Report: Most large US metro areas saw spike in foreclosure warnings between January-June.