Anybody that has been around the real estate industry for the last few months knows that the so-called "robo signing" scandal is nothing new. However this video really helps you understand just how deep this problem really runs. It is amazing how the banks will make you jump through all these hoops to get a loan, then jump through even more hoops to do a loan modification or short sale, yet the sloppiness and downright fraud on their own back end (behind closed doors) is absolutely flabbergasting.

I am truly surprised that a bunch of class action suits have not been filed and that nobody on Wall Street has gone to jail over all this. Only time will tell I guess.

 

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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.

407-389-7318 / 1-877-389-7318 www.SDRhouses.com    

We sell foreclosure, short sale, and bank owned REO house home throughout Central Florida and metro Orlando. Sign up for our free email list of foreclosure and great Orlando house deals.

We buy homes damaged by sinkhole, storm, and fire.  www.WeBuySinkhole.com

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Post is included in group: Florida Real Estate Investors
Post is included in group: Politics And Real Estate
Post is included in group: REO
Post is included in group: Silent Majority

4 Comments on Is this the next big shock to the real estate industry?

APR
17
2011
146,132 Points Called Shot Master

This "robo signing" could be a very serious issue for the banks to deal with.
12:22pm • #1
412,847 Points 16 Featured Posts Outside Blog Called Shot Master

60 minutes did a great piece on this problem a couple of weeks ago.  I agree it is far from over.
12:23pm • #2
APR
18
2011
366,695 Points

I believe no one will ever go to jail for this. Double standards exist.
7:29am • #3
APR
24
2011
1,023,498 Points 66 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hood Dude is correct * no one will go to jail over this as the system make them do it!
8:42am • #4


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Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor

Altamonte Springs, FL

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