San Francisco Assessor-Recorder Releases Report on Foreclosure Errors in California

Phil Ting

San Franciso Assessor-Recorder Phil Ting released a report that claimed that more than 80 percent of the residential mortgage loans that have gone into foreclosure in San Francisco contain one or more violations of the law.  The study’s conclusion offered no concrete recommendations.

Both Ting and Lou Pizante, the Aequitas partner who compiled the review, insisted the report was aimed at the system, rather than individual lenders.  "I'm not here to indict the mortgage industry or say that all the people who lost their homes didn't deserve to lose them," Pizante said.

UTA is requesting a meeting with the San Francisco Assessor-Recorder’s office to review the report and to provide input.

Read the Complete Report

Read an article from SF Gate, online forum for the San Francisco Chronicle

Read a column from Housing Wire critical of the report