The Reno Real Estate Guide has been following the forclosure drama with GMAC and JP Morgan Chase. The news has been causing panic throughout the entire mortgage/foreclosure industry.
We now find a new twist. It appears that the loan servicers are merely pretending to properly serve the necessary court summons for the foreclosures.
…….. servicers, representing such reputable firms as Deutsche Bank National Trust Company, are willing to counterfeit court summons in their pursuit of a clean and efficient foreclosure mill. As Grayson’s office points out: “Apparently what’s happening is that private process servicer companies may not be serving people with summons, and are simply counterfeiting the documents so they can keep the fees without doing the work.
Read more here including the court order.