Seventy-five percent of the foreclosures had an error in the assignmentof the deedof trust, meaning the handoff between one lender and another was botched in some way.
FORBES: Mortgage-Audit Firm -- Surprise! -- Finds Lots of Errors in Foreclosures
2.
Aequitas found that in 27% of the foreclosures a trustee or servicer signed an assignmentof the deedof trust, instead of the original owner of the note, for example.
FORBES: Mortgage-Audit Firm -- Surprise! -- Finds Lots of Errors in Foreclosures