According to local reports, some foreclosure cases in Florida, including those that involve duplex foreclosures for sale, were processed incorrectly. Public records found at the county courthouses of Manatee and Sarasota allegedly showed omissions that are significant to the results of the foreclosure cases.
The high number of Deltona foreclosure homes, FL and distressed properties in various areas of the state has reportedly produced some evidence showing that certain lenders have rushed the cases through courts. According to an investigation conducted by local publications, some documents related to foreclosures have missing signatures and erroneous dates.
Most of these errors have been reportedly found on the mortgage assignment document. The said document is an important one since it provides proof that a lender can legally push for Florida foreclosures cases and has the right to take over a property. Housing experts explained that without the document, lenders will not have any legal right to foreclose or seize a residential property.
A number of homeowners have speculated that some foreclosures, including duplex foreclosures for sale, happened due to erroneous processing and documentation. Some have blamed lenders, while others have accused law firms that represent banks to have also played a role in the foreclosure chaos.
An investigation conducted by a local publication has reported finding foreclosure homes processed by law firm David J. Stern to have mortgage assignments that contain several errors, particularly in the areas of Manatee and Sarasota. In certain cases, employees from the law firm allegedly notarized the document despite inaccurate information.
The investigation has alleged that in the two counties, around 60 homeowners have lost their homes to foreclosures supported by mortgage assignment documents that were deemed questionable. The most common errors reportedly found on the documents were incorrect dates, questionable signatures and omitted information necessary for the case.
Representatives from the law firm have stated that the mistakes were isolated and were never intended and would not have affected the result of the foreclosure case in any way. Judges handling foreclosure cases in the state, including those related to duplex foreclosures for sale are reportedly unaware of such errors since they are not in the habit of questioning paperwork unless the homeowner raises the question first, according to local reports.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.
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