I recently came across this article, State details foreclosure chaos,  by Kimberly Miller  in The Palm Beach Post (Jan. 5, 2011). This clearly outlines the abuses of the system that have been going on. It is because of these abuses that the unfortunate homeowner facing foreclosure should seek counsel and protect their rights.

The case titled “Unfair, Deceptive and Unconscionable Acts in Foreclosure Cases” filed by  the attorney general’s economic crimes division:

Some highlights:

• corner’s cut at every turn to fast track foreclosure:
• questionable signatures and notarization:
  (…one bank employee’s signature appears four different ways on a massive collection of documents)
• dubious assignment of mortgage documentation:
  (sale of mortgage note from one lender to another bank – thousands of loans were packaged then repackaged until there ownership was nearly impossible to trace)
• Four of Florida’s large foreclosure law firms that represent the banks are under investigation
• “Sewer” service complaints are being looked into:
  (bank hired process servers allege providing document service to thousands of homeowners a day)

Attorneys general from all 50 states are cooperating in unraveling the mess.