According to ABC News/Money, JP Morgan has stopped 50,000 foreclosures while it reviews documents for errors.
http://abcnews.go.com/Business/wireStory?id=11759376
This decision appears to be the result of JP Morgan’s concern that many of their loan documents are “faulty”. Courts across the country have begun to take notice of faulty affidavit procedures and other document problems that call into question the legality of the foreclosure process in those cases.
If you are facing foreclosure, have an experienced attorney look at your loan documents.
