Tag: Foreclosure Crisis

Washington, DC - December 3, 2010 - (RealEstateRama) -- Today, House Judiciary Committee Chairman John Conyers, Jr. (D-Mich.) led a full committee hearing on "Foreclosed Justice: Causes and Effects of the Foreclosure Crisis," in which the Committee discussed with invited witnesses the government’s response to the country’s foreclosure crisis.One of the witnesses, a New York bankruptcy judge, testified that he had routinely encountered in his court foreclosure attorneys who: failed to know who they represented, lacked the underlying note evidencing their entitlement to seek foreclosure, failed to establish the legal chain of title establishing the standing of their client-mortgagees, and submitted to the court false affidavits attesting to the ownership of the note and mortgage