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The National Community Stabilization Trust (NCST or Stabilization Trust) is a Washington, D.C.–based non-profit organization that facilitates the transfer of foreclosed and abandoned properties from financial institutions nationwide to local housing organizations to promote property reuse and neighborhood stability.
A JPMorgan Chase employee testified in a deposition that she was one of eight managers who combined to sign some 18,000 documents a month without the personal knowledge the documents claimed they ...
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
In June 2022, an affiliate of JP Morgan Chase was the sole bidder on the foreclosed Denver Energy Center buildings. The buyer was also the lender on the 785,549 square foot property, paying $88.2M for the building in the foreclosure auction.
Despite years of targeted enforcement, properties reportedly owned or managed by Gary Thomas now owe at least $164,428.55 in back taxes.
Last week, the fourth-largest mortgage lender in America revealed that the foreclosure documents for potentially all Bank of America and Chase implicated in foreclosure 'robo-signing' scandal Skip ...
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