N.J. Law Journal reports:
The judiciary’s effort to crack down on robo-signing and other improper foreclosure practices appears headed toward a quick resolution under a proposed pact with New Jersey’s six biggest mortgage-servicing companies. The stipulation recommended on March 18 would end a proceeding initiated by the judiciary through an order to show cause last Dec. 20, In the Matter of Residential Mortgage Foreclosure Pleadings and Document Irregularities. Instead of shutting down foreclosures and sheriff’s sales as the judiciary threatened, mortgage servicers would have to file papers by April 1 showing they had cleaned up their practices. Retired Appellate Division Judge Richard Williams would be appointed as special master.