Maryland Fraudclosures | Shapiro & Burson Attorneys Called into Court by Judge RE “Questionable Signatures”

“Bizhan Beiramee, an attorney representing Shapiro & Burson, said almost half of the cases had “delegated” signatures”

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Foreclosure attorneys called in to answer to judge

In Baltimore and elsewhere, questions arise about which signatures are genuine and which aren’t

A Baltimore judge summoned attorneys from a large foreclosure law firm Monday to explain whether signatures on key documents were genuine, part of the fallout from revelations last year that foreclosures nationwide were being processed based on deficient — or fraudulent — paperwork.

Virginia-based Shapiro & Burson was the third law firm called this year before Baltimore Circuit Judge W. Michel Pierson. He has heard admissions from several attorneys — at Shapiro & Burson and elsewhere — that their signatures on affidavits required to foreclose on homeowners were sometimes made by other people.

That’s one way in which judges have responded to an emergency rule passed by Maryland’s highest court about seven months ago in the wake of the so-called “robo-signing” scandal. The rule makes clear that the state judiciary has the power to look for problematic foreclosure paperwork, to haul people in to answer questions and — if the explanations aren’t satisfactory — to dismiss cases.

Check out the rest here…

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4closureFraud.org


Comments
10 Responses to “Maryland Fraudclosures | Shapiro & Burson Attorneys Called into Court by Judge RE “Questionable Signatures””
  1. robert murphy says:

    Really. This is not even news. When are the Banks going to get paid? That is all Congress and the President should say. This is what will happen. They will bail out the Mortgage Companies and leave the Homeowners on the side of the road. Maryland Homeowners, I am praying for all of us. I am praying for all of us all over the world that are in this mess. And no, do not say deadbeats. I have been in my home 17 years. I had seven stokes, heart surgery. I begged for a modification. Don’t forget, I am in Law Enforcement. A Public Servant for 21 years.I just trust GOD now because Congress and the President are not going to help us.
    These companies have committed illegal acts against a lot of innocent people. I guess its just time for GOD to give me a new house. I’m still here.

  2. l vent says:

    The outrage deepens.When WE THE PEOPLE were losing our asses because of the manufactured financial crisis, the FOREIGN OWNED banks got handed billions from THE FED. Here is proof as if we here need any the Federal Reserve Bank and all of the Big Banks are foreign owned and operated banks acting as one sleazy bank. http://www.bloomberg.com/video/68206402/
    http://www.bloomberg.com/video/68209994/

  3. A “delegated signature” (forgery) is a “FELONY” in most. if not all States…?

    • see says:

      If that is true, then why are/have they been getting away with this? Why aren’t charges being brought against these people? If that was me, there would be charges brought against me first and then in a trial I would have to explain myself. Why all this special treatment for attorneys? The judge knows what is going on.

    • Mrs Doutfire says:

      not so fast……. some are honestly done… but again, the law is very clear on this…….
      and yes, the ones we are looking at are felonys since they are signed and stamped by notery

  4. Joe Loomer says:

    I guess the thing that ticks me off the most is the trickle-down effect on those of us in the industry who had nothing to do with any of this, but now bear the brunt of the government’s ire in a “horse has already bolted” playing field. The amount of dislosures and disclaimers required keeps growing and growing with no end in sight. What ever happened to the common sense approach?

    Navy Chief, Navy Pride

    Foreclosures In Augusta

  5. Tim Bryant says:

    What is scary is that this isn’t even news to us anymore…..

  6. Maggie May says:

    wut is a delegated signature?

    • Mrs Doutfire says:

      someone who can sign on their behalf like if you need a dr note for your kid the clerk stamps it on the drs behalf…… like in vice presidents of a company, the clerk or who ever the person delegates the authority too…..sign their name

  7. Mrs Doutfire says:

    I came across this and was wondering………..if investers buy and sell our loans or part of… on wall st, as 3ed party intrest, what about this law below? more fire power for us in the fraudclosure mess. If they are to let us know our loans are sold each time, add up the violations and our homes are paid for and theirs as well………..unless I am missing something here maybe 3ed party investers dont count? Or is it the trustee?
    Either way missing assignments seem to be the norm so go after them….

    Truth in Lending Act Amendment Affecting Mortgage Transfer Disclosures
    As part of the Helping Families Save Their Homes Act (the “Act”), Congress amended Section 131 of the Truth in Lending Act (15 USC § 1641)(“TILA”) to include a new provision (Section 131(g)) that requires the assignee of a mortgage loan to notify a consumer borrower that his loan has been transferred. This notice requirement became effective immediately upon the President’s signature on May 19, 2009. The notice must include: The assignee’s identity, address and phone number; The date of transfer; Contact information for an agent or party having authority to act on behalf of the assignee; The location of the place where transfer of ownership of the debt is recorded; and Any other relevant information regarding the assignee. 15 USC § 1641(g)(1).

    An assignee that violates this notice requirement will be subject to civil penalties under Section 130(a) of TILA. 15 USC § 1640(a). Effective July 31, 2009, the maximum penalty that an individual consumer may recover for a TILA violation in connection with a closed-end loan secured by real property or a dwelling will increase from $2,000 to $4,000.

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