It’s paper chase on foreclosures

The New York Post’s Richard Wilner is the latest to chime in on the ongoing fiasco of fraudulent documents being used in foreclosures.  The article features two of Max’s Bankruptcy Boot Camp graduates from the New York area, Linda Tirelli and David Shaev.

It’s about time!

Seven months after The Post detailed problems with JPMorgan Chase’s foreclosure operation, the giant bank last week asked judges to postpone rulings in pending foreclosure cases it has brought against homeowners — citing the same paperwork flaws brought to light last February.

“It has come to our attention that, in some cases, employees in our mortgage-foreclosure operations may have signed affidavits about loan documents on the basis of file reviews done by other personnel — without the signer personally having reviewed those loan files,” a spokesman for the bank said this week. …

“It’s not just Chase and GMAC,” said David Shaev, a lawyer who fights foreclosure actions by banks and mortgage servicing companies.

The Manhattan lawyer said he is fighting cases brought by Deutsche Bank, Wells Fargo and Citigroup.

“There’s no way to predict how big this problem is going to get,” Linda Tirelli, another foreclosure-fighting lawyer, told The Post.