Heroic Registers of Deeds Battling Mortgage Fraud

Federal regulators simply aren’t that interested in investigating foreclosure fraud and laying down the appropriate punishments. Tom Miller is too busy deflecting criticism about massive campaign contributions from the banking sector to run a proper state-based investigation. So it’s actually come down to the registers of deeds – the unassuming public servants working in county recorder’s offices across the country and carefully recording the transfers of land titles – to step up and deliver some measure of accountability on the banks for violations of law. So far, precious few registers of deeds have taken on this seemingly impossible task. But Jeff Thigpen in Guilford County, a county of about 465,000 in the center of North Carolina (the biggest city is Greensboro), has delivered the goods.

Thousands of mortgage documents in Guilford County could potentially be fraudulent, the county’s register of deeds said.

Jeff Thigpen said his office noticed signature discrepancies in more than 4,500 mortgage and foreclosure documents submitted between August 2006 and April 2010. While the same name was signed to documents, the signature characteristics were found to be different, Thigpen said.

I was left infuriated, rooted in what I believe is a betrayal of public trust,” Thigpen said.

The signatures were produced in companies Thigpen calls “mortgage mills,” which banks use to speed up the processes of selling, extending loans and charging more fees.

Check out the rest with video here…

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4closureFraud.org