Update from the Foreclosure-Based Society, Too Big To Jail Dept. 0
It would appear that it’s not a crime if a bank does it. Earl Blumenauer considers this at sfgate dot com (emphasis added):
The report is only the latest in a series of incidents involving bad actors in the foreclosure crisis. Last year, I called for a moratorium on home foreclosures after Bank of America, JP Morgan Chase and Wells Fargo signed affidavits initiating foreclosure against borrowers without verifying the information they contained. In fact, problems have been so rampant that banks now require many buyers of foreclosed homes to sign contracts absolving the bank of liability should irregularities appear with the original foreclosure.
How is this not indemnifying themselves against being charged with fraud?
