Loan Reduction and St Louis Loans: Foreclosures Down Due to Robo-Signing

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St Louis Finance and Loan Audit News: Ironically, Robo-Signing Seems To Be Driving Foreclosures Down A Bit
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
 

The number of consumers who have actually lost their homes to bank repossessions dropped even more steeply to 67,428.

That was off a whopping 28 percent from 93,236 in October 2010.

Repossessions are down approximately a third since September 2010.

The drop in total filings, which include notices of default, scheduled auctions and repossessions, followed a 4 percent decline a month earlier.

RealtyTrac CEO James Saccacio attributed the downtrend to fallout from the recent robo-signing controversy.

The robo-signing moratoriums were

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Principal Reduction Program and St Louis Loan: Foreclosure Mess May Get Worse

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St Louis Mortgage and Real Estate News –

St Louis Finance and FREE Loan Audit News: Foreclosure Mess Prompts Call For Stress Tests
St Louis Home Mortgage | Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage

The Congressional Oversight Panel, created by Congress in 2008 to review the Treasury Department's response to the financial crisis, issued a 125-page report detailing recent allegations that banks and loan servicers filed thousands of inaccurate documents in foreclosure cases across the country.

While the report acknowledged that the scope and the consequences of controversy remain unknown, the panel warned that the financial system could be

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Loan Reduction and St Louis Lending: Class Action Lawsuits Facing Banks

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St Louis Mortgage and Real Estate News –

sSt Louis Finance and Commercial Loan Modification News: Class Action Lawsuits Hitting Banks Hard
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage

Foreclosure-fraud class action lawsuits piling up against major banks across the United States is threatening a besieged industry with billions more in potential losses.

The class actions, which could be expanded nationally, seek damages for homeowners whose

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