No move to stop foreclosures, despite alleged faulty paperwork

The newspaper, “The Dispatch,” has reported that over 50 properties in Franklin County, Ohio are up for auction in a few days. The publication has revealed that no move was made to stop foreclosures on these properties, despite some mistakes that seemed to be present in the documents used in the cases.

The publication reportedly examined the more than 130 residence files that are scheduled for auction on November 5. It has been reported that consumer advocates have found some questionable areas in several of the documents associated with the properties. According to local reports, there were 13 cases wherein lenders were not able to satisfy the requirement of producing the promissory note.

Meanwhile, default judgments on some of the cases were reportedly based on sworn affidavits by individuals who might be robo-signers or those employees who do not verify document data. There were also cases that reportedly involved properties changing hands within weeks, before a lawsuit was filed against the borrowers for loan defaults.

Officials from the Coalition on Homelessness and Housing in Ohio have stated that efforts should be made to stop foreclosures with questionable paperwork. They claimed that it seems that lenders are not paying attention to details and seemed to expect homeowners and the public to do the same.

Consumer advocates in the area have also reported that there are several cases involving Franklin County properties, scheduled to be auctioned off on Friday, that have affidavits signed by Xee Moua, a Wells Fargo employee who, in March, admitted during a court hearing that she signed foreclosure documents without verifying their information first. A spokesperson from Wells Fargo has responded by revealing that Xee is still an employee at Wells Fargo, but is no longer assigned to signing foreclosure documents.

Local groups that provide help and support to foreclosed homeowners have stated that some foreclosure cases are easily processed and quickly approved, because borrowers never make any effort to stop foreclosures on their properties, despite some questionable paperwork. They added that in most cases, homeowners are not aware of what to do or just feel defeated by the whole process.