Despite its claims that is foreclosure processes are "sound," Citigroup officials have told lawmakers that the company will re-file 14,000 affidavits in pending foreclosure cases due to errors it uncovered during a review of its foreclosure cases. While this is a staggering number of affidavit errors, it pales in comparison to the 102,000 affidavits re-filed by Bank of America and 55,000 affidavits being re-filed by Wells Fargo.
Citimortgage managing director Harold Lewis explained that Citi has been able to avoid the depths of robo-signing experienced by some other large banks via restructuring efforts wherein it "consolidated its mortgage operations, added staff and improved its internal training program to ensure foreclosures were being processed correctly." The company has also stopped referring new cases to embattled foreclosure mill the Law Offices of David J. Stern. The 8,500 active foreclosure cases Citigroup already had with the Stern office are now being referred to new counsel.
This is just the latest in a long line of mistakes that lenders have now admitted to committing when pursuing foreclosure cases. If you are facing a Florida Foreclosure Lawsuit, contact a Jacksonville Foreclosure Lawyer or a Florida Foreclosure Lawyer today for a complimentary case review.
