This week in Stockton - Real Estate related news summaries 10/2/10 - 10/9/10
By Jack Mossman - The Nines Team at Keller Williams in Stockton, The Nines Team at Keller Williams in Stockton
(The Nines Team At Keller Williams)
This week in Stockton - Real Estate related news summaries 10/2/10 - 10/9/10 The foreclosure crisis captured most of the headlines this week as the nation's largest lenders and loan servicing companies took protective postures regarding poorly or incorrectly documented foreclosure processes. Additional bad news confronted the economy as the impact of the secondary recession issues start to become more visible. Oct 4 - Washington, AP - "Executive only checked date on foreclosure documents" - A Wells Fargo executive confirmed that he verified only the dates on the foreclosure documents he signed daily. In a deposition made involving a Washington State homeowner, he said he relied on co-workers for up to 150 files a day. Other lenders, GMAC, Bank of America and Chase have halted fore...