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Another Bank Halting Foreclosures

 
« Lee County "rocket docket" money running out | Main  | Homeowner Strikes Back, Forecloses on Bank of America »
  Another Bank Halting Foreclosures

More on a continuing investigation.

Another bank halting foreclosures, and this time it's Europe's largest.

HSBC is taking a closer look at the paperwork on thousands of foreclosures after a federal investigation found its documents lacking.

This is what attorney Todd Allen with the firm Conrad Willkomm has been telling 4 In Your Corner for months as he ran up against the Rocket Docket - Lee County's accelerated foreclosure court:

"It gives me another thing to take to court and ask the court to slow down. I'm afraid the message won't get to the bank's attorneys in time to slow it down, so we can go back and take a second look at this. Unfortunately the rocket docket is such that we're at the mercy of the court."

At the very least, Allen says homeowners could get a second chance to make a short sale happen, work out a deal with the bank or even take advantage of some government programs.

He's just not optimistic that could happen in Lee County.


Posted By Law Office of Conrad Willkomm, P.A. on March 03, 2011 08:39 am | Permalink 
 

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