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Exact(8)
Even if there is no foreclosure, he noted, the writer wouldn't want to have a lien impairing the property's value.
The problem is hard to quantify because there are no foreclosure statistics singling out veterans and service members.
In a statement, Citi said it was "making every effort to ensure that no foreclosure goes forward based on an inaccurate or defective affidavit".
The borrower would still owe the money, but no foreclosure would be possible and the borrower could sell the home without paying off the mortgage.
Sensing the public mood, Ms. Desoer also plans to apologize for shortcomings in the foreclosure process, while reiterating her defense that no foreclosure or eviction was pursued by mistake.
For example, an Illinois consumer whose Countrywide mortgage was in foreclosure came home to find that the company had changed her locks and boarded up her home, the suit said, although no judgment had been entered and no foreclosure sale conducted.
Similar(52)
(So far, there have been no foreclosures).
"I have seen no foreclosures here," he said, "and no distress sales".
As a result, two of Monroe County's eight local lenders say they have no foreclosures at all.
"You cannot simply decree that there will be no foreclosures," Representative Barney Frank, Democrat of Massachusetts and chairman of the House Financial Services Committee, said.
It insists that no foreclosures have been initiated in error, and on Monday announced it would resume the foreclosure process in 23 states where court approval is required to go ahead.
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