Is this the next big shock to the real estate industry?

Real Estate Agent with Sand Dollar Realty Group, Inc. BK627826

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.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
Politics And Real Estate
Silent Majority
Florida Real Estate Investors
foreclosure fraud
short sale fraud
robo signing scandal
wall street foreclosure

Post a Comment
Spam prevention
Spam prevention
Show All Comments
James Loftis - West Palm Beach, FL

This "robo signing" could be a very serious issue for the banks to deal with.

Apr 17, 2011 05:22 AM #1
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

60 minutes did a great piece on this problem a couple of weeks ago.  I agree it is far from over.

Apr 17, 2011 05:23 AM #2
Kevin Robinson
Twin Falls, ID
Fractional Developer

I believe no one will ever go to jail for this. Double standards exist.

Apr 18, 2011 12:29 AM #3
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA

Hood Dude is correct * no one will go to jail over this as the system make them do it!

Apr 24, 2011 01:42 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
Ask me a question
Spam prevention

Additional Information