{"id":22480,"date":"2010-10-21T17:22:55","date_gmt":"2010-10-21T17:22:55","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/battle_lines_forming_in_clash_over_foreclosures\/"},"modified":"2010-10-21T17:22:55","modified_gmt":"2010-10-21T17:22:55","slug":"battle_lines_forming_in_clash_over_foreclosures","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=22480","title":{"rendered":"Battle Lines Forming in Clash Over Foreclosures"},"content":{"rendered":"<p>About a month after Washington Mutual Bank made a multimillion-dollar mortgage loan on a mountain home near Santa Barbara, Calif., a crucial piece of paperwork disappeared.<\/p>\n<p>But bank officials were unperturbed. After conducting a \u201cdue and diligent search,\u201d\u009d an assistant vice president simply drew up an affidavit stating that the paperwork \u201d\u201d a promissory note committing the borrower to repay the mortgage \u201d\u201d could not be found, according to court documents.<\/p>\n<p>The handling of that lost note in 2006 was hardly unusual. Mortgage documents of all sorts were treated in an almost lackadaisical way during the dizzying mortgage lending spree from 2005 through 2007, according to court documents, analysts and interviews.<\/p>\n<p>Now those missing and possibly fraudulent documents are at the center of a potentially seismic legal clash&#8230;.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2010\/10\/21\/business\/21standoff.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About a month after Washington Mutual Bank made a multimillion-dollar mortgage loan on a mountain home near Santa Barbara, Calif., a crucial piece of paperwork disappeared. But bank officials were unperturbed. After conducting a \u201cdue and diligent search,\u201d\u009d an assistant<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=22480\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,582,589,149,600,114,593,151,585,596],"tags":[],"class_list":["post-22480","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-housingreal-estate-market","category-law-legal-issues","category-personal-finance","category-politics-in-general","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/22480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22480"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/22480\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}