ABC World News Video – State Official Moonlights as Robo-Signer

Uh oh… They are catching on…

Foreclosure Crisis: 23 States Halt Foreclosure As Officials Review Bank Practices

Bank ‘Robo-Signers’ Apparently Reviewed Thousands of Foreclosures a Week

As millions of Americans struggle under an epidemic of foreclosures, evidence has surfaced suggesting that some of the biggest banks are barely paying attention before signing documents that will push people out of their homes.

Officials at some big banks now admit that so-called “robo-signers” were signing off on thousands of foreclosures a day without actually looking at the details of any of the cases.

State Official Moonlights as Robo-Signer

ABC News obtained a copy of multiple signatures attributed to a Florida lawyer moonlighting as a robo-signer. She had a day job in the Florida Attorney General’s office, she somehow managed to vet some 150,000 mortgages in three years. If she worked every day of every year, that would amount to over 130 mortgages a day.

LINK – Florida Notary Fraud Erin Cullaro – Scandalous – Substantiated Allegations of Foreclosure Fraud That Implicates the Florida Attorney General’s Office and The Florida Default Law Group

“It appears that most of the mortgage (companies) in fact did use robo-signers,” said Mark Zandi, chief economist for Moody’s Analytics. “It was a way to try to facilitate the process. They’ve been overwhelmed by the foreclosed properties, and this was their way of trying to get through those problems as fast as they could.”

Concern about the process has prompted officials to halt foreclosure in many places across the country. Authorities have put the brakes of foreclosures in 23 states as they try to figure out if thousands of homeowners were unfairly booted out of their homes by the banks.

Big Banks as Mortgage Factories?

“The big banks have kind of become mortgage factories,” said Dennis Ammann, president and CEO of the small Peoples Bank in Mendenhall, Miss. Ammann says that at his bank, foreclosure is an option of last resort.

“I think the larger your bank gets, the further out of touch it gets with its customers,” Ammann said. “With community banks, you have a relationship with your bank and your banker.”

For the rest with video go here…

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4closureFraud.org

Comments
5 Responses to “ABC World News Video – State Official Moonlights as Robo-Signer”
  1. Anonymous Atlanta says:

    Order your own recreated documents from DOCX that sell of of the forms for the robo signers and provide all DOCX to have their “Runners to file in all jurisdictions across the USA. The call it Document Recovery to reproduce the lost stolen and fabricated Docs for the proliferation of this tragic and fraudulent pattern and practice.

  2. Officer of the Law says:

    Does anyone need any more proof that prosecutors are working for the banksters and helping them to steal the homes of millions of American families?

  3. B StLaurent says:

    I’m under no illusions. I’ve called them up at times and cussed them out over the phone…..and rightly so….They are part of the problem….

  4. B StLaurent says:

    I just called Senator Nelson’s office on this….

    • Alina says:

      HA HA HA!!!! – I had called Senator Nelson’s office months ago when the allegations first surfaced. No response from the man. Good Luck.

      As for Ms. Cullaro – yeah baby – criminal charges are forthcoming.

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