fannie mae: Florida Foreclosure Sales to Restart with Fannie Mae and Freddie Mac
- 11/30/10 04:03 AM
REO selling agents for Fannie Mae and Freddie Mac have been given the go ahead to restart transactions that had been suspended due to potential problems with the legal paperwork, known as the "Robo-signer" scandal. The GSEs were forced to temporarily halt the sale of certain properties two months ago when news surfaced that some of the nation's largest servicers - including Bank of America, JPMorgan Chase, and GMAC Mortgage - had been employing robo-signers who failed to comply with clearly defined state laws when handling foreclosure documentation. From DSNews:
The flawed casework from servicers and legal firms has raised … (0 comments)
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