The robo-signing scheme allows the foreclosure process to move so quickly that delinquent homeowners are forced from their homes before they fully understand what is happening to them. Robo-signers are given the charge to get delinquent borrowers out of the home by any means necessary including fabricating documents, backdating documents and.
What is ‘Robo-Signer’. A robo-signer is an employee of a mortgage servicing company that signs foreclosure documents without reviewing them. Rather than actually reviewing the individual details of each case, robo-signers assume the paperwork to be correct and sign it automatically – like robots.
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Information on Robo-Signing Suspects, A to C. Signed endorsement for Taylor, Bean and Whitaker Mortgage Corp. as Executive Vice-President, signature differs from 1. Signed endorsement for Taylor, Bean and Whitaker Mortgage Corp. as Assistant Secretary, 8 nov 2011. Servicing, LLC as Servicing Officer, 10 Aug 2006.
For further background on the robo-signing mess, check this piece, among others, on Yves Smith’s naked capitalism site. ally financial, previously known as GMAC, said it will resubmit around 250 foreclosures in Maryland in light of the robo-signing. Curiously, it has no plans to do so in other states. From the article:
In all of these cases, robo-signing involves people signing documents and swearing to their accuracy without verifying any of the information. Most of the tainted mortgage documents in question.
What is robo-signing? Robo-signing is a term that has been associated with signing off on foreclosure proceedings without properly verifying documents. This has occurred because of bank employees and mortgage loan servicers trying to get through their mounds of foreclosure paperwork quickly.
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Montague John Druitt (1857 – 1888) was the favoured suspect of Melville Macnaghten. Druitt worked as a barrister and supplemented his income at the bar by working as an assistant schoolmaster at a boarding school in Blackheath, South east London, that was run by Mr. George Valentine.
The meter has three readings: low (meaning the rumor is likely to come to fruition), moderate (meaning the rumor is suspect but not implausible. In making these determinations, we used available.
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