OH, Yes..... That Happy Dance is going on right now! I just can't help myself! Especially since I found out last week, Deutsche Bank is suppose to be the bank behind my mortgage now, though that is not information I had any clue about previously. Oh, I had even gone to my court house (which I encourage everyone to do) and got a copy of ALL the paperwork they have there regarding my property, including any assignments and their name was not on any of it.
Well the news is just breaking the U.S. Justice Department in investigating Deutsche Bank's foreclosure practices, it seems they have been found to file FALSE Paperwork to foreclose! Which all the banks have to do, but it seems their paperwork is glaringly false!
Portion:
Allegations Deutsche Bank filed false documents
* Inquiry could affect foreclosures across United States
* Testimony demanded from Deutsche Bank officials
By Scot J. Paltrow
NEW YORK, Jan 28 (Reuters) - A branch of the U.S. Department of Justice is investigating whether Deutsche Bank filed false documents and attempted to mislead a bankruptcy judge in a foreclosure action.
Although the investigation involves the case of only one homeowner in Connecticut, a court document filed on Jan. 26 by the United States Trustee's Office said it wants to elicit information about Deutsche Bank's practices in general in foreclosure cases
aside from possible sanctions against Deutsche Bank in this foreclosure case, the results could have significant effect on Deutsche Bank's practices in general, and on its ability to foreclose on large numbers of homeowners in default.
the inquiry could apply to many other Deutsche Bank foreclosures by putting the bank on notice that its practices have not been legal, and that it may lack the basic authority even to bring many of the foreclosure cases.
Mortgage assignments are needed to prove that a trust owns the mortgage and has authority to foreclose, but in many cases banks that originated the mortgages never gave the trusts the required assignments. The inquiry also could have an impact on other banks that act as trustees and mortgage loan servicers, if it establishes that the type of procedures used by Deutsche Bank were illegal.
Now, I sincerely hope they are going to be honest in their investigation of the bank and I sincerely hope it is just the first bank they will investigate.
I will be watching what happens!
Showing posts with label U.S. justice Dept. Show all posts
Showing posts with label U.S. justice Dept. Show all posts
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