As it starts to resubmit more than 100,000 foreclosure cases, Bank of America is finding that it had made errors in its initial submissions.
According to the Wall Street Journal’s Dan Fitzpatrick, BofA discovered as many as 25 files with errors out of the first several hundred that it reviewed.
“The problems included improper paperwork, lack of signatures and missing files, said people familiar with the results. In certain cases, information about the property and payment history didn’t match,” the story says.
“Some of the defects seem relatively minor, according to the bank, and bank officials said they haven’t uncovered any evidence of wrongful foreclosures. There was an address missing one of five digits, misspellings of borrowers’ names, a transposition of a first and last name and a missing signature on one document “underlying” an affidavit, a bank spokesman said.”
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