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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (282973)10/13/2010 10:59:35 AM
From: James HuttonRead Replies (1) | Respond to of 306849
 
LOL - They should add they take these matters seriously AFTER WE WERE CAUGHT . . .

"We’re addressing the foreclosure affidavit issues

....

?We will re-file affidavits where appropriate
?We have delayed foreclosure sales in these states and will re-initiate when appropriate
?New processes are being put in place to ensure we fulfill all procedural requirements on a go-forward basis
We take these matters very seriously and have dedicated significant resources to these efforts"

EDIT: Dimon apparently said on a CC that he thought they would have to pay some penalties on Fraudclosure. Fraud? OK, we'll just pay a few bucks and move on. No concern at all about prosecution or the big house.



To: Giordano Bruno who wrote (282973)10/13/2010 12:57:09 PM
From: HawkmoonRead Replies (1) | Respond to of 306849
 
JP Morgan stops using MERS..

zerohedge.com

Pretty much an admission that the registration system is fatally flawed.

Hawk