Banks began to examine their foreclosure documents a little closer when some mistakes were being made, then a foreclosure moratorium was issued. Now banks are back in motion filing their foreclosures and getting things done when it comes to evicting their borrowers. It didn’t take very long for the filings to begin again.
JP Morgan Chase amongst others have spent time training people in their departments to ensure that things are being done correctly. Too many foreclosures were not even being reviewed and were being passed through rather quickly. The banks have to be careful, ensuring that all legal issues have been squared away before they file these documents. Robo-signing may not be a thing of the past yet for all lenders, but cleaning up this mess we have our hands is definitely going to continue for awhile.
The question many consumers have is to whether or not they are going to be able to enforce their legal rights when a bank does them wrong. It seems that the banks are the ones that control almost everything, and doesn’t give the consumer a chance to ask the questions that really plague them until it’s too late. Bankers will always say that when it comes to foreclosure that the borrowers who get the notices are the ones who should be getting them; no questions asked.
Even if someone is behind on their payments, and they don’t qualify for a modification, the truth is that people need to be treated with dignity and respect. People should educate themselves and know their legal rights, just as the bank has their legal rights. No one is better than anyone else, and it still seems that no one is really focusing on making a team effort.
-Mayer Dallal
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