Wednesday, March 2, 2011

Foreclosures Suspended At HSBC

Due to cease and desist letters received from both the Controller of the Currency and the Federal Reserve, HSBC has suspended all foreclosures for the time being. These orders were due to regulators discovering "irregularities" in the processing and documentation of their mortgage loans and pending foreclosures. If you have a loan with HSBC, you may want to call them, or call the Office of the Controller in Washington (call information or go online).
Good luck.

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