With the recent financial crash and stories of banks successfully executing illegal foreclosures, the average citizen should know by this point that the system is not going to protect you.
Hardened skeptics say Marisol should be left to her own fate, but by that logic the bank executing this foreclosure would have already gone belly-up.
At 9 35 a.m., the appointed hour, two representatives from the courts and one from the bank — known collectively as the comisión judicial — arrive to execute the foreclosure under the escort of some 20 policemen.
Alexis McGee, the president of ForeclosureS.com, said that borrowers in New York, New Jersey and Connecticut have an advantage over people in other states, in that foreclosures are executed in the courts.
The bank is holding its ground on the way foreclosures were executed.
In February 2012, the Justice Department and 49 state attorneys general reached their civil settlement with the five biggest mortgage servicers over a host of allegations of deceptive and unlawful conduct, including "preparing, executing, notarizing, or presenting false and misleading documents... or otherwise using false or misleading documents as part of the foreclosure process".
Executing franchise marketing program.
NEW YORK TIMES Foreclosure Services Company Faces Forgery Charges | Employees of DocX, a unit of Lender Processing Services that was closed by its parent in 2010, executed and notarized millions of foreclosure documents for big banks.
What they did on the back end, after they fell into foreclosure, and reading those foreclosure documents, and seeing the discrepancy, and seeing that they're being sued by people they've never heard of before, entities that they've never heard of before, and seeing that the alleged transfer to that entity was executed after they were put into foreclosure.
