Cuomo Demands Suspension Of Foreclosure Actions In New York

Posted by Orb Staff on October 13, 2010 No Comments
Categories : Mortgage Servicing

New York Attorney General Andrew M. Cuomo has called on servicers engaged in ‘robo-signing’ to immediately suspend all foreclosure actions in the state, including evictions and foreclosure sales, until they correct their procedures to comply with New York law.

Cuomo also is seeking information from Bank of America, JP Morgan Chase, Wells Fargo and GMAC Mortgage/Ally concerning their filing of affidavits.

"I will not allow New Yorkers to lose their homes due to mortgage goliaths that buck the system by submitting affidavits signed without knowledge of the facts," Cuomo says. "Such conduct is a fraud upon our courts and a slap in the face of New Yorkers struggling to get by in this economy.’

Cuomo's letters to Bank of America, Chase, Wells Fargo and GMAC request that the servicers stop re-filing foreclosures that had been suspended (and, in Wells Fargo's case, cease proceeding with pending foreclosures) until the attorney general's office ‘is assured that reliable and fair procedures are in place and that accurate, trustworthy documentation will be submitted to the New York courts.’

SOURCE: Office of Attorney General Andrew Cuomo

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