Chase, Bank Of America, Citi & Wells Fargo Allowed To
Start Foreclosing Again In New Jersey

Chase, Bank Of America, Citi & Wells Fargo Allowed To Start Foreclosing Again In New Jersey

It’s been a quiet 2011 on the foreclosure front in New Jersey, as several banks froze seizure proceedings late last year following the revelation that foreclosure documents were being rubber-stamped by untrained “robo signers.” But a judge in the Garden State has given the go-ahead for Bank of America, JPMorgan Chase, Citigroup and Wells Fargo to resume uncontested foreclosures. [More]

Robo-Signer Confession: 'I Don't Know The Ins & Outs Of The Loan, I Just Sign Documents'

Robo-Signer Confession: 'I Don't Know The Ins & Outs Of The Loan, I Just Sign Documents'

In spite of their nickname, “robo-signers” — those hired to process the mountain of foreclosure documents during the recent recession — are flesh and blood human beings. And like many human beings, they also know very little about mortgages and foreclosures. [More]