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Thursday, October 14, 2010

Do Forgeries Void Mortgage Foreclosures?

The Washington Post details an interesting example of how forgeries on signatures of numerous foreclosure documents are bound to cause head-aches for bank and opportunities for lawyers to delay foreclosure proceedings.

For example, Linda Green claimed to be an executive of Bank of America, Wells Fargo, US Bank, MERS and dozens of other lenders while signing off on tens of thousands of affidavits. In many cases her signature looks like it was actually signed by somebody else.

So depending on the paper work, robo-signers (like Ms. Green) claim to have knowledge of the case and the lending documents in question. Now the US Attorney in Florida, attorney generals from all 50 states and many senators are conducting investigations that may lead to the foreclosures being stopped or delayed.

The Washington Post speculates that some judges were being overwhelmed by the les pending procedures as well and perhaps didn't give each case as much attention and scrutiny as what they really deserved.

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