UTA Informs FHFA of Flaws in San Francisco Assessor's Report
UTA Audits the Audit
FHFA’s proposed draft guidelines for default and foreclosure-related legal services mandate that Trustees use an attorney when working with Fannie and Freddie loans. In a letter to FHFA, UTA President Robert Finlay, Esq., Wright Finlay & Zak, noted that “we believe all or part of the decision to restrict the language to attorneys only stems from a misleading and wholly unsupported report prepared for the San Francisco County Tax Assessor.”
UTA has ‘audited’ the San Francisco County Assessor’s report and provided a summary of those findings to FHFA. Two of UTA’s findings included:
- Significant discrepancies between the findings in San Francisco Assessor’s Report (also known as the ‘Aequitas Report’) and a review of the actual documents recorded with the County Recorder’s office.
- In seven of the categories where Aequitas cited significant errors, the UTA’s audit found NO errors whatsoever.
Read UTA’s Letter to FHFA
Read UTA’s summary of the UTA Audit
Read UTA’ s initial position paper to FHFA