Social Media, Foreclosures & Court Docket


Its unprecedented in the history of Banking that  people can now rely on social media to publish their mortgage statements and generate opinion.  Below is a summary analysis posted by a Facebook borrower in a case pending the court decision.

From a Facebook posting the auditors saw the limited detail for the loan and of course the court docket number.

As an auditor I am not an advocate and in fact go where ever the assignment takes us – to either side of the desk .  Auditing and banking are inseparable  under federal securities laws that require publicly held companies that file reports with the SEC to submit financial statements that are accurate, truthful, and complete and prepared according to a set of accounting standards called “Generally Accepted Accounting Principles” (or “GAAP”). Many of these financial statements – must be examined and reported on by an independent auditor.

Its the facts we  rely on and supply the CPA and Tax attorneys that speak for themselves and then its up to the court system to decide a matter of wrongful foreclosure.

Below is an interesting case  that appears to run the norm as of late . No file no statements other than on on screen  computer page from the lender provided the borrower in default . But herein it is the courts docket number that yielded us the  entire summary analysis you see below .

Court docket

It needless to say the question of ethics arise here for state claims or other  government actor . Nor is it unlawful if the state is involved in  a recovery for an agency such as the IRS .  But it does help to be informed.

SO “LOL” as they in social media . . . you be the judge !



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s