NEW YORK (TheStreet) -- Bank of America, JPMorgan Chase, Citigroup and Wells Fargo can resume uncontested foreclosures in the state of New Jersey, a judge said Monday.
According to a Bloomberg report, Superior Court Judge Mary Jacobson signed an order granting approval to the four lenders after outlining a series of conditions. The banks had to show that they had 'established specific procedures for staff to ensure that the information set forth in affidavits/certifications submitted in foreclosure proceedings is based on a personal review of business records.'
The four lenders were among the six banks whose improper foreclosure practices, dubbed 'robo-signing,' came under scrutiny. The banks were accused of signing off on foreclosure documents without personally verifying the information.
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