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This gets uglier by the minute…Chase now involved in the shenanigans! | Complete Short Sale Processors

This gets uglier by the minute…Chase now involved in the shenanigans!

The latest serviced to join the friends in low places is….drum roll please….CHASE! On Sunday, Reuters reported that Old Republic Title Insurance reported it was holding off on insuring homes foreclosed upon by JP Morgan Chase.

http://www.reuters.com/article/idUSN0327991020101003

This comes on the heels of GMAC and it’s subsidiaries claiming they have committed some ethics “no-nos”, as has the grand-daddy of them all; Bank of America. All three have stopped foreclosure proceedings in 23 states and are bracing for a serious legal brow-beating. For more information, see the links below. Get your duct tape out first and then ask yourself this question: Do I think it is it just these three companies who have acted unethically? We think not…

http://www.reuters.com/article/idUSTRE68S5KY20101002

http://www.reuters.com/article/idUSN0116467620101001

http://www.reuters.com/article/idUSTRE6904I920101001

Plenty more information to follow…stay tuned.

Monday, October 4th, 2010 Latest News

1 Comment to This gets uglier by the minute…Chase now involved in the shenanigans!

  • I’m happy that all foreclosures are currently stopped. The process is way too complicated and unpredicatable. With this economy and the hope for homeowners plan, the banks and the homeowners should be able to work something out. However i’m pretty pessimistic based on the actions of these banks to this point.

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