Columbus – State Senator Nina Turner (D-Cleveland) today called for closer scrutiny of the foreclosure actions of JP Morgan Chase, GMAC Mortgage and other large loan servicers. Senator Turner outlined her concerns in a letter to Ohio Attorney General Richard Cordray.
“I applaud Attorney General Corday for encouraging state courts to carefully review all foreclosure filings made by GMAC Mortgage after recent reports of questionable affidavit procedures,” said Senator Turner. “I have asked the Attorney General to expand his request to include JP Morgan Chase because of similar questionable procedures.”
The Wall Street Journal reported this week that employees of GMAC and JP Morgan Chase may have signed foreclosure affidavits without personally verifying the files as required by law. As a result, the lenders have temporarily suspended many foreclosure proceedings.
“We must do all we can to ensure that Ohio’s homeowners are treated fairly and that our state’s laws are being respected,” said Senator Turner.
Senator Turner also called on state legislators to pass foreclosure legislation when they return to Columbus this fall. “Keeping families in their homes is not only in the best interest of homeowners, but also government, mortgage providers and society at large,” said Senator Turner.
So far, the Ohio Senate has failed to pass a foreclosure bill in the 128th General Assembly. Senate Bill 13, sponsored by Senator Dale Miller (D-Cleveland), and two foreclosure bills (HB 3 and HB 9) passed by the House of Representatives have yet to be voted on by the Senate.
