Discusses recently reported events concerning the foreclosure process and actions that the Office of the Comptroller of the Currency (OCC) is taking to address these situations where they involve national banks. The occurrences of improperly executed documents and attestations raise concerns about the overall integrity of the foreclosure process. Laws in each state establish the requirements and process by which that action may be taken. When that due process is not followed, it goes to the propriety of the foreclosure itself. The improprieties that have been identified are unacceptable practices that warrant a thorough investigation that is now underway by the OCC, other federal bank regulators, and other agencies. Illus. This is a print on demand report.
Foreclosure Process : Congressional Testimony