Friday, July 29, 2011

GMAC's false doc used in a foreclosure obtained by Propublica is a felony in NY

This is certainly a smoking gun for fraud against GMAC. And most definitely the other major banks have done the same thing. The question is when are individuals in the banks are going to be charged criminally? I had posted yesterday an article by Propublica titled:

I notice in the Assignment of Mortgage obtained by Propublica, click here, that the document repeatedly misspells the name of Horsham, PA as "Horsesham." Now that should have been a clue. Also more from The Consumerist:


ProPublica says that a review of court documents in New York, where it's a felony to file a public record with intent to deceive, turned up hundreds of similar documents filed — by GMAC and others — in the name of Ameriquest since 2008.

For example:

Another GMAC document obtained by ProPublica shows that in at least one recent incident, GMAC employees were still discussing the possibility of fabricating evidence needed to facilitate a foreclosure.
The company once again lacked a document that would show it had been assigned the mortgage. Since the lender was defunct and no assignment had ever been made, GMAC again seemed to be stuck. But the employee proposed in June of this year that GMAC file a sworn statement that the assignment had once existed but had been lost. It's unclear if such an affidavit was ultimately provided to a court.

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