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ROBO SIGNING CONTINUES: ATTORNEYS GENERAL WAKE UP!

By
Real Estate Agent with Heritage Oak Properties 01367027

ROBO SIGNING CONTINUES: ATTORNEYS GENERAL WAKE UP!

Mortgage servicing companies were called to task last fall when it was discovered that the companies handling the documents for the many thousands of foreclosures were not even reading the documents.  Employees were just signing them to expedite the foreclosures and move the mountains of paperwork down the pipeline.  The big banks suspended foreclosures while they investigated the “robo signing” process and committed to fixing their systems.

Apparently, that was all an exercise in public relations.  Various county clerk offices around the country are reporting that documents continue to come in with questionable signatures.  Families are losing their homes to foreclosure through fraudulent processes and nothing has been done to correct the problem.  The Attorneys General have not stepped in to investigate these CRIMES, perpetrators are not being arrested and the banks continue to operate with impunity.  WHEN IS IT ALL GOING TO STOP?

Select this link to view the alarming Associated Press Story:

http://www.mercurynews.com/business/ci_18501340

 

Not a real person
San Diego, CA

It won't stop as long as they can continue to get away with it.

Happy Thursday!

Aug 04, 2011 04:07 AM