From the NEW YORK TIMES:
An audit by San Francisco county officials of about 400 recent foreclosures there determined that almost all involved either legal violations or suspicious documentation, according to a report released Wednesday.
Anecdotal evidence indicating foreclosure abuse has been plentiful since the mortgage boom turned to bust in 2008. But the detailed and comprehensive nature of the San Francisco findings suggest how pervasive foreclosure irregularities may be across the nation.
The improprieties range from the basic — a failure to warn borrowers that they were in default on their loans as required by law — to the arcane. For example, transfers of many loans in the foreclosure files were made by entities that had no right to assign them and institutions took back properties in auctions even though they had not proved ownership…
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EDITOR: The above is more evidence that the same carelessness and disregard for norms in granting mortgages carried over into processing them, not just in San Francisco County, California, but across the nation. Debtors in danger of losing their home should consider challenging the ownership of the mortgage and the documentation of the foreclosure process, including all signatures.
