San Francisco Assessor-Recorder Documents Illegal Foreclosures

An audit commissioned by San Francisco Assessor-Recorder Phil Ting on nearly 400 San Francisco foreclosures over the past three years reveals that “fully 84 percent of the foreclosure files contained at least one clear legal violation and more than 66 percent of the files contained multiple violations”.

This report confirms what many have suspected and provides the evidence required for issuing a moratorium on all predatory or for-profit evictions and foreclosures until such time as the law violations mentioned in the report are resolved and mechanisms are put in place to prevent further bank abuses of homeowners and renters.

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