"Robo-Signing" and Other Alleged Documentation Problems in Judicial and Nonjudicial Foreclosure Processes.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Administrative law.

Finance--Law and legislation.

Finance.

Home ownership.

Physical Description:

1 online resource (21 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

System Details:

text file

Summary:

Explains mortgage market process and legal agreements entered into between market participants; legal procedures of typical judicial and nonjudicial State foreclosure statutes; and procedural problems that have surfaced during implementation of foreclosure proceedings that drove some mortgage servicers to briefly halt foreclosure sales and evictions. Discusses alleged documentation problems in judicial and nonjudicial homeowner foreclosure processes, including problem related to practice of "robo-signing," in which a small number of individuals sign a large number of affidavits and other legal documents submitted to courts and other public authorities by mortgage companies to execute foreclosures. Addresses legal effect these problems could have on homeowners, lenders, and other mortgage market participants.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress.Congressional Research Service. "Robo-Signing" and Other Alleged Documentation Problems in Judicial and Nonjudicial Foreclosure Processes

Access Restriction:

Restricted for use by site license.