Special offer

Robosigners and 60 Minutes this Sunday

By
Real Estate Broker/Owner

Just a heads up, this Sunday on 60 Minutes, April 3, 2011

 

 

 


What happens when a bank tries to foreclose on a home and can't come up with the paperwork that proves they now own it? It gets complicated to say the least, as Scott Pelley reports in our lead story. "60 Minutes" finds that tens of thousands of pieces of paperwork were forged in an effort to re-create lost documents and now, at least 30,000 people are suing banks to stay in their homes. It's a financial mess that threatens to prevent the rebound in real estate, all caused by banks in such a hurry to buy and sell mortgages during the bubble that they skipped the required paperwork. Watch a preview.

Posted by

 


                      

 

     

New Orleans Property Lady, LLC

Broker/Owner and REALTOR (r) 

New Orleans, LA 70125

504-908-2268 (C)            

 Licensed in the State of Louisiana, USA

New Orleans Property Lady 
           

  

New Orleans Property Lady

↑ Grab this Headline Animator

Copyright 2012, Miriam Bernstein, All Rights Reserved

Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Thanks for the heads-up Miriam.  I did not hear about this being covered on 60-Minutes but, definitely worth watching.  I believe the horror stories are more prevalent than we know.

Apr 02, 2011 02:58 PM
Miriam Bernstei
Rochester, NY

I'll be watching too, am really curious to see how they cover this story.

Apr 02, 2011 03:03 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Sent you an email, dear!  Just thought you may need to check junk since I typically wind up there!!  LOL

Apr 02, 2011 04:17 PM
Elizabeth Cooper-Golden
Huntsville Alabama Real Estate, (@ Homes Realty Group) - Huntsville, AL
Huntsville AL MLS

Miriam, I'm so glad you wrote this.  Should be an interesting subject to watch.  Maybe we'll all be enlightened, lol.

Apr 03, 2011 11:59 AM
Miriam Bernstei
Rochester, NY

Enlightened would be good, lol

Apr 03, 2011 12:04 PM