Latest Mortgage Fraud Crisis May Help Homeowners Keep Their Homes
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Not everyone agrees that the errors are mere technicalities, however. It could be that the banks are trying to circumvent the law. Currently, there is a joint investigation by all 50 State Attorneys General as well as a federal probe into the extent of the documentation fraud. Some bankruptcy judges have refused to allow foreclosures to continue, telling the banks that they have not been able to sufficiently prove ownership of the mortgage and, until they do, they are not entitled to repayment of the debt.