An audit San Francisco foreclosures conducted by county officials revealed documentation errors were evident in nearly all of the cases examined.
Auditors reviewed 382 case files that resulted in a foreclosure sale between January 2009 and October 2011. They identified one or more irregularities in 99 percent of the loans and one or more clear violations of state law in 84 percent.
San Francisco’s Office of the Assessor‐Recorder says by releasing the results of the audit, it hopes to open a dialogue on the importance of ensuring compliance with state laws so that corrective action can be taken.
Source: DSNews, Article By: Carrie Bay
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