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re: JPM Tells CNBC It Is Systematically Reviewing Foreclosures

Posted on 10/2/10 at 12:27 am to
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 10/2/10 at 12:27 am to
quote:

I have posted numerous responses in THIS thread about this thread's topic showing how ridiculous the ZeroHedge author's prediction (in the OP) is.


The ZH predictions were over the top, but other huge banks have joined in this week and halted all foreclosures.
Posted by LSURussian
Member since Feb 2005
127102 posts
Posted on 10/2/10 at 10:44 am to
quote:

other huge banks have joined in this week and halted all foreclosures.
I've heard about JPM, Ally and BoA. Are there others?

If you or anyone else on this board learns that some of the un-reviewed documents result in a foreclosure being canceled or reversed because of material errors in the process, please post it. I wouldn't be surprised if there are a few like that considering the hundreds of thousands of foreclosures over the past 3 years.

I still think this whole issue is a tactic by a few lawyers to bump up their fees.
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