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Local family’s foreclosure fuels public official’s battle against banks

by Integrity of information, Lack of transparency, Records management non-compliance

On behalf of homeowners, a North Carolina public official s is holding 29 banks responsible for the mess he says they have created in his office. (Cases like Andrea Metcalf’s described here) are what prompted Jeff Thigpen, Guilford County’s Register of Deeds, to sue 29 banks. “These are public documents that are used in a court of law, and they ought to be done right,” Thigpen said.
Thigpen is taking on 29 banks and lenders for the mess he says banks have created by the slicing and dicing and the electronic selling and reselling of mortgages with sloppy documentation over the last 10 years. “Public recording offices are foundational to our democracy,” Thigpen said. “I don’t want to be in a position to be the document police, but at the same time, I don’t want to be a warehouse of stolen property.” Thigpen’s lawsuit against giants like Bank of America and Wells Fargo, demands that they “clean up the mess they created in Guilford County’s public property records” and, it wants to hold them accountable for their “unfair and deceptive trade practices.”

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