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JPMorgan Chase is Delaying some Foreclosures to Review Documents

Posted by Adam Ellis on Sep 29th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

JPMorgan Chase foreslosure delays

JPMorgan Chase to Delay Foreclosures?

JP Morgan Chase has said that they are Delaying some Foreclosure procedures to review documents. Although this is all the news we have about the foreclosure delays at this time, this is not expected to help with the current real estate downturn whatsoever.

JPMorgan Chase stock was down 1.41% today. It closed at $38.40.

The company currently operates in 60 different countries. They are one of the large providers of real estate mortgages in the United States, as they are one of the “Big Four” banks.

We will have more on this story as we hear it.

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  • http://twitter.com/loanfraudvictim Donna Vieira

    Why U.S. regulators refused to regulate or even investigate Wells Fargo’s lending practices? Wells Fargo teams up with its army of attorneys to defraud us.

    Wells Fargo committed prosecutable crime against us. We lost our home. Something is wrong with this picture.

    Here are the facts.

    1. it is illegal for Wells Fargo to make mortgage loan to us based on hugely inflated appraisal.

    Fact: – Wells Fargo’s fraudulent appraisal valued our home at $718,000

    – Wells Fargo’s own review appraisal valued our home at $475,000

    – Nevada Attorney General’s office suspended the appraiser’s license for committing appraisal fraud on our home.

    – Nevada Appraiser Licensing Board mandated the appraiser to complete appraisal fraud course before regaining his real estate appraiser license.

    – Nevada Revised Statue NRS 205.372 states that it’s category C felony to make mortgage loans based on fraudulent appraisal.

    – Cases of Attorney General’s indictments against attorneys, loan brokers for teaming up make fraudulent loans to defraud homeowners.

    2. it is illegal for Wells Fargo to wrongfully foreclose our home based on fraudulent appraisal and mortgage loan.

    You can find all the facts on our website. http://www.wellsfargomortgagefraud.com.

  • http://twitter.com/loanfraudvictim Donna Vieira

    Why U.S. regulators refused to regulate or even investigate Wells Fargo’s lending practices? Wells Fargo teams up with its army of attorneys to defraud us.

    Wells Fargo committed prosecutable crime against us. We lost our home. Something is wrong with this picture.

    Here are the facts.

    1. it is illegal for Wells Fargo to make mortgage loan to us based on hugely inflated appraisal.

    Fact: – Wells Fargo’s fraudulent appraisal valued our home at $718,000

    – Wells Fargo’s own review appraisal valued our home at $475,000

    – Nevada Attorney General’s office suspended the appraiser’s license for committing appraisal fraud on our home.

    – Nevada Appraiser Licensing Board mandated the appraiser to complete appraisal fraud course before regaining his real estate appraiser license.

    – Nevada Revised Statue NRS 205.372 states that it’s category C felony to make mortgage loans based on fraudulent appraisal.

    – Cases of Attorney General’s indictments against attorneys, loan brokers for teaming up make fraudulent loans to defraud homeowners.

    2. it is illegal for Wells Fargo to wrongfully foreclose our home based on fraudulent appraisal and mortgage loan.

    You can find all the facts on our website. http://www.wellsfargomortgagefraud.com.

  • http://twitter.com/lawgraceorg Barbara Ann Jackson

    IMPORTANT FACTS ABOUT FORECLOSURE AND MORTGAGE FRAUD

    Foreclosures via DECEPTIVE and FRAUDULENT PROCEEDINGS enables repetitive, and illegal property flipping; it enables lenders to falsify IRS form 1099-A’’s; it enables unscrupulous foreclosure mill lawyers (especially because of judges who purposefully abet deceit) to deceptively hold auctions and make insider bids to acquire those properties; and blighted neighborhoods. Fraudulent foreclosures ensure the success of FABRICATED BANKRUPTCY COURT ‘Lift Stay motions’ and false ‘Proof of Claims’.

    Two particular companies that benefit from fraudulent foreclosures are Wells Fargo and Freddie Mac. Representations about Freddie Mac’s billion dollar losses should be weighed against the needless money Freddie Mac –as well as other lenders– PAY to foreclosure mills and debt collectors who utilize court systems to outmaneuver and persecute property owners who oppose unlawful foreclosures and repossessions. When property owners file justifiable lawsuits for fraud and for OUTRAGEOUS “Unfair Debt Collection Practices” against lenders and foreclosure mills, those same mill lawyers get to make even more $$$$ from the latter lawsuits as the mill lawyers litigate and cover up their own wrongdoings.

    Foreclosure via fraud is the reason for illegitimate homelessness and underhanded evictions, unjustified IRS tax bills due to false 1099-A’s, and unfair “Deficiency Judgments.” Ironically, some people who express their anger at “deadbeats” appear to be more acceptable about the manifest fraud and criminal activity being carried out by people with credentials to practice law. Equally ironic is the reality that some people pretending to be annoyed about “deadbeats”are the actual people who are participating in real estate racketeering -fully sanctioned by the majority of courts, especially Bankruptcy Courts! *more @
    http://www.lawgrace.org/2010/09/30/important-facts-about-foreclosure-and-mortgage-fraud/

  • http://twitter.com/lawgraceorg Barbara Ann Jackson

    IMPORTANT FACTS ABOUT FORECLOSURE AND MORTGAGE FRAUD

    Foreclosures via DECEPTIVE and FRAUDULENT PROCEEDINGS enables repetitive, and illegal property flipping; it enables lenders to falsify IRS form 1099-A’’s; it enables unscrupulous foreclosure mill lawyers (especially because of judges who purposefully abet deceit) to deceptively hold auctions and make insider bids to acquire those properties; and blighted neighborhoods. Fraudulent foreclosures ensure the success of FABRICATED BANKRUPTCY COURT ‘Lift Stay motions’ and false ‘Proof of Claims’.

    Two particular companies that benefit from fraudulent foreclosures are Wells Fargo and Freddie Mac. Representations about Freddie Mac’s billion dollar losses should be weighed against the needless money Freddie Mac –as well as other lenders– PAY to foreclosure mills and debt collectors who utilize court systems to outmaneuver and persecute property owners who oppose unlawful foreclosures and repossessions. When property owners file justifiable lawsuits for fraud and for OUTRAGEOUS “Unfair Debt Collection Practices” against lenders and foreclosure mills, those same mill lawyers get to make even more $$$$ from the latter lawsuits as the mill lawyers litigate and cover up their own wrongdoings.

    Foreclosure via fraud is the reason for illegitimate homelessness and underhanded evictions, unjustified IRS tax bills due to false 1099-A’s, and unfair “Deficiency Judgments.” Ironically, some people who express their anger at “deadbeats” appear to be more acceptable about the manifest fraud and criminal activity being carried out by people with credentials to practice law. Equally ironic is the reality that some people pretending to be annoyed about “deadbeats”are the actual people who are participating in real estate racketeering -fully sanctioned by the majority of courts, especially Bankruptcy Courts! *more @
    http://www.lawgrace.org/2010/09/30/important-facts-about-foreclosure-and-mortgage-fraud/

  • Anonymous

    LIKE AMERICA NEED JOBS, FORECLOSURE MILLS NEED INVESTIGATION!!!

    Florida’s Attorney General is correct to file his motion for rehearing the court ruling that prevents the AG from investigating foreclosure mill firms who CLEARLY fabricated foreclosure documents!!

    It is imperative the MILLS are investigated for INTENTIONALLY FABRICATING court documents because certain lawyers are engaged in SELF-DEALING FORECLOSURES. Most definitely, it is NOT A WASTE OF TAX PAYER MONEY to probe awful, underhanded illegalities surrounding foreclosures which have caused thousands of people to be UNLAWFULLY evicted and homeless –while unscrupulous lawyers became CRIMINALLY ENRICHED.

    LONGSTANDING foreclosure frauds incorporate falsified CIVIL as well as BANKRUPTCY court pleadings; repetitive and illegal property flipping (thus blighted neighborhoods); “simulated auctions” and “straw buyers”; FALSE “lift stay” motions and FALSE “proof of claims;” and “fee-splitting.” Certain lawyers achieve extra benefits from litigating against foreclosure defense lawsuits, as they MISREPRESENT to their mortgage-clients property owners are delaying foreclosures, but actually its continual deceptive foreclosure lawyers’ activities while billing $$$$ to mortgage clients and actually committing MALPRACTICE + fraud upon the courts + fraud & illegal exploitation of homeowners!

    Because fraudulent foreclosures include many facets, culmination can take years while arranging cash cow “PAWNS” needed for big pay-offs. [Super Future Equities Inc. v. Wells Fargo, et al., @ http://www.bankruptcy-lawnetwork.com/2007/05/11/what-are-those-mortgage-servicers-doing/. To repeat, LIKE AMERICA NEED JOBS, FORECLOSURE MILLS NEED INVESTIGATION. State Attorneys General everywhere now need to recognize the ELEPHANT IN THE ROOM –which has been for a long time, hiding in plain sight: foreclosure mill fraud! http://www.lawgrace.org/2010/09/30/important-facts-about-foreclosure-and-mortgage-fraud/

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