Tag Archives: Foreclosure-gate

Local family’s foreclosure fuels public official’s battle against banks

Posted on May 8, 2013 by Synercon

On behalf of homeowners, a North Carolina public official s is holding 29 banks responsible for the mess he says they have created in his office. (Cases like Andrea Metcalf’s described here) are what prompted Jeff Thigpen, Guilford County’s Register … Continue reading →

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B of A Sends Woman To Collections After She Already Paid Off Her Credit Card (US)

Posted on April 2, 2012 by Synercon

Bank of America’s foreclosure processes have been a wreck during the mortgage crisis — the bank has foreclosed on homes that no longer exist, used fraudulent procedures to speed through documents, and pushed borrowers into foreclosure because of small clerical … Continue reading →

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New York sues 3 big banks over use of mortgage registry database

Posted on February 3, 2012 by Synercon

Opening a new front against the American banking industry, New York sued three of the nation’s biggest mortgage servicers over their use of an electronic database that, according to the Empire State, has resulted in widespread deception and fraudulent foreclosure … Continue reading →

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Massachusetts sues top five lenders

Posted on December 2, 2011 by Synercon

Massachusetts sued the five biggest mortgage companies in the US on Thursday, accusing them of “corrupting” the state’s land records through pervasive use of fraudulent documentation in seizing borrowers’ homes. Martha Coakley, Massachusetts attorney-general, alleged that the banks illegally foreclosed … Continue reading →

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Judges to weigh mortgage document destruction (US)

Posted on February 2, 2011 by Synercon

Federal bankruptcy judges in Delaware are due to hold separate hearings Monday on requests by two defunct subprime mortgage lenders to destroy thousands of boxes or(f) original loan documents. The requests, by trustees liquidating Mortgage Lenders Network USA and American … Continue reading →

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First, the electronic mortgage superhighway. Then, the pileup (US)

Posted on January 4, 2011 by Synercon

The problem that just won’t go away. An in-depth article about the breakdown of recordkeeping wrt the assignment and processing of home mortgages. Washington Post, January 2, 2011

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Foreclosure-gate – an exercise in non compliant recordkeeping(US)

Posted on October 28, 2010 by Synercon

The 2010 United States foreclosure crisis, currently referred to as foreclosure-gate, is an ongoing issue related to an alledgedly widespread practice of improper foreclosures by large banks and other mortgage lenders. What initially appeared to be sloppy record keeping among … Continue reading →

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