JPMorgan Chase Next In Line To Face Scrutiny Over Use Of Dubious Documents In Foreclosure Actions

In Palm Beach County, Florida, Bloomberg News reports:

• JPMorgan Chase & Co. faces a legal challenge next month that could cast doubt on thousands of foreclosures after a mortgage executive [Beth Ann Cottrell] at the bank said she didn’t verify documents used to justify home seizures.

• Lawyers for a Palm Beach County, Fla. homeowner asked a judge to throw out a foreclosure as a penalty for misleading the court, according to attorney Tom Ice of Ice Legal PA. They’re citing a May 17 deposition(1) in which the JPMorgan executive [Cottrell] said she signed thousands of affidavits and documents supporting the New York-based bank’s claims without personally checking loan records. The court is scheduled to hear arguments Oct. 19.

For more, see JPMorgan Based Foreclosures on Faulty Documents, Lawyers Claim.

(1) See May 17, 2010 deposition of Beth Ann Cottrell (available online courtesy of Mother Jones).