2011 March 26 | FORECLOSURE FRAUD

Archive | March 26th, 2011

MA State Rep. Tim Madden’s House Bill No. HR 2766 Proposed Amendments and New Sections to Mortgage Laws

Posted on 26 March 2011. Tags: affidavits, Anthony Petruccelli, foreclosure fraud, HB 64, HB2766, House Bill, House Bill 2766, House Bill 64, HR 2766, HR64, jamie ranney, massachusetts, MERS, Michael Costello, mortgage, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., Notary, public records, recordings, rules, senator, Timothy Madden

This is a very important bill to start cleaning up the mess created by the banks in the foreclosure crisis that is sweeping MA and the rest of the country.

Highlights include the elimination of MERS’s ability to “hide” transactions and avoid recording fees, defining what a mortgagee is in MA, requiring that all notary acknowledgements be completed in accordance with the requirements for notaries laid down by the Governor and others.

PLEASE forward this to as many people as you know that can contact their MA state Senator AND Rep. and send in written support for it.

Your support for HR2766 can be mailed (addresses below) or e-mailed to anthony.petruccelli@masenate.gov AND michael.costello@mahouse.gov.

Please CC your support to timothy.madden@mahouse.gov

It should be addressed to the Chairmen (please do not send any packages other than an envelope as it might get rejected):

Senator Anthony Petruccelli, Chairman

State House
Room 424
Boston, MA 02133

Representative Michael A. Costello, Chairman

State House
Room 254
Boston, MA 02133

Click For Summary of HR 2766

Scribd

Posted in STOP FORECLOSURE FRAUD2 Comments

Chicago Court Orders Suspension of 1700 Foreclosures Due to Altered Documents

Posted on 26 March 2011. Tags: 1700, affidavits, altered documents, chicago, Fishser and Shapiro, foreclosure fraud, foreclosure mill, fraudulent documents, halted, robo signers, Shapiro and Fishman, suspended

According to the Chicago Tribune

A Cook County Circuit Court judge has taken the unusual step of temporarily halting at least 1,700 mortgage foreclosures after a law firm told the court that the cases contained altered documents, the Tribune has learned.

Fisher and Shapiro LLC, one of the top three law firms used by mortgage servicers to handle their local foreclosure actions, reported to the court that, in a breach of protocol, affidavits in the cases were changed. Among other things, fees were added after the documents were signed by servicers.

[...]

“It’s similar to robo-signing in that it’s a high-volume pattern and practice of cutting corners, expediting the process through making false representations,” said Daniel Lindsey, an attorney at the Legal Assistance Foundation of Metropolitan Chicago, which is not directly involved in the matter. “The fallout is this order and some delay, and maybe (it will) help some people figure out some alternatives.”