KABOOM | Reuters SPECIAL REPORT: Banks Still Robo-signing, Filing Doubtful Foreclosure Documents

Two reports are out today from the Associated Press and Reuters that are both the best in-depth main stream stories to date on the fraudclosuregate scandal.

This time it’s not coming from some crazy blogger, it is coming from some of the most “trusted” news sources in the world. Below are some excerpts but I urge you to read the article in its entirety at the link below.

The Associated Press article will be in a separate post.

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SPECIAL REPORT: Banks still robo-signing, filing doubtful foreclosure documents

Link to multimedia PDF: link.reuters.com/kyb72s

* U.S. banks continue banned practices despite pact with feds

* Banks that settled continue filing questionable paperwork: Reuters

* Reuters identifies 6 robo-signers still pumping out documents

By Scot J. Paltrow

NEW YORK/IMMOKALEE, Florida, July 18 (Reuters) – America’s leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

But a Reuters investigation finds that many are still taking the same shortcuts they promised to shun, from sketchy paperwork to the use of “robo-signers.”

Reuters has found that some of the biggest U.S. banks and other “loan servicers” continue to file questionable foreclosure documents with courts and county clerks. They are using tactics that late last year triggered an outcry, multiple investigations and temporary moratoriums on foreclosures.

In recent months, servicers have filed thousands of documents that appear to have been fabricated or improperly altered, or have sworn to false facts.

Some loan servicers “continue to cut corners,” said David Stevens, president of the Mortgage Bankers Association. Nearly all borrowers facing foreclosure are delinquent, he said, but “the real question is whether the servicer complied with all legal requirements.” The loss of a home is “the most critical time in a family’s life,” and if foreclosure paperwork is faulty homeowners should contest it. “Families should be using every opportunity they can to protect their rights.”

Reuters reviewed records of individual county clerk offices in five states — Florida, Massachusetts, New York, and North and South Carolina — with searchable online databases. Reuters also examined hundreds of documents from court case files, some obtained online and others provided by attorneys.

The searches found more than 1,000 mortgage assignments that for multiple reasons appear questionable: promissory notes missing required endorsements or bearing faulty ones; and “complaints” (the legal documents that launch foreclosure suits) that appear to contain multiple incorrect facts.

Be sure to check out the rest here…

And be sure to share this with everyone you know…

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4closureFraud.org

 

Comments
15 Responses to “KABOOM | Reuters SPECIAL REPORT: Banks Still Robo-signing, Filing Doubtful Foreclosure Documents”
  1. judemcdonald says:

    Bank of America & Blank Rome law firm have “UNCLEAN HANDS” and every Vice president I had to deal with knew what was happening, thankfully I caught them. I am #179390507. Every person that has respond is RIGHT! I live it everyday.

  2. Rita Cheche says:

    I am the plaintiff suing Wachovia for lying, cheating, and stealing from me, everything is with MERS, “ASSIGNMENTS OF SUBSTITUTE TRUSTEES’ etc.
    I have 2 fraud/predatory loans from them, Oct. 24, 2005 World Savings Bank / Wachovia and Nov. 21, 2006 Peoples Choice Home Loan / Specialized Loan Servicing L.L.C. / Wachovia / Wells Fargo. In the United States District Court for the Eastern District of Virginia, Norfolk Division. RITA CHECHE Plaintiff, v. WITTSTAT TITLE & ESCROW COMPANY, LLC, WACHOVIA BANK NATION ASSOCIATION AND SPECIALIZED LOAN SERVICING, LLC, Defendants. TRIAL DATE: OCT. 18, 2011.
    NO ONE IS GETTING TREATED FAIRLY, AND I KNOW, WITH YOUR HELP, WE CAN CHANGE THIS. Or, anyone can help me, please give them my information, Rita Cheche, 757-427-0075. I have an email, rcheche1@cox.net but I am getting hundreds of emails of people in mortgage trouble, needing help, SO PLEASE CALL ME DIRECTLY. I need to get my story & evidence in the public eye! And be in the public eye to make it harder for the court system to continue to violate my rights. I’m not great on the computer, not having the right tools for the job! BUT I AM THE FAXING QUEEN! If you would like to see proof of any docs.
    I have evidence of every entity & actors’ violations of the law and my rights, example of just one of hundreds of my original documents:
    VICE PRESIDENT OF WACHOVIA, JUDY WILLS, FORGED AN IMPORTANT DOCUMENT FROM MY FRAUD MORTGAGE CLOSING, SHE SIGNED MY NAME INCORRECTLY, AND DATED IT 3 YEARS AFTER THE CLOSING DATE, PLUS IT’S DATED 6 MONTHS INTO THE FUTURE (closing 11/21/05, date of package to O.T.S. 03/25/08, date on document 09/23/08). V.P. of Wachovia sent her version of my closing package TO THE OFFICE OF THE THRIFT SUPERVISION, Dept. of Treasury, answering my complaint to the Attorney General of TX, Greg Abbott. I have contacted approx. 15 agencies, having the correspondences, including the secret service and the F.B.I. and getting NOTHING BUT SCREWED.
    PLEASE COME TO Virginia Beach, VA to document my plight, before they silence me. My case is a Precedence Setting Case, and will help hundreds of thousands, with your help!
    They have stolen over 2.3 million in assets alone. Losing my commercial floor contracting business, I started in 1986, installing floors and wallpaper. Forced to liquidate and/or lost my 9 unit apartment building I provided to the Section 8 Program, a duplex on Chesapeake Bay, I bought to help a lifetime friend who is a quadriplegic, a single family rental home, my son’s education, and my retirement.
    My attorney (working for Wachovia) is continuing to bend me over, holding me for WACHOVIA! I have searched for the last 6 yrs. for representation, hiring mine 2 years ago, and in that time I’ve had about 15 mins. Face to face, the first & only appt. She said, for a cost of thousands, up front, she would do everything I asked, get my 2.3 million back, my home, my livelihood, what I would have made with my business, real estate properties, assets, investments, $100k, 25 yr. equity credit line from my rental, they illegally closed, & my excellent credit (they ruined my credit within 48 hours of 1st fraud closing, Oct. 24, 2005 dropping approx. 200 points to 513). Plus, I wanted several million dollars for ruining my family & my life! I wanted all of them to pay until it crushed them, legally doing to them what they illegally did and are continuing to do to me!
    I was retiring, when they ripped off my world. I have done nothing but fight back, every waking moment since Oct. 24, 2005. I will fight till I win what is rightfully mine, and then, with the money I win, I will help homeowners get their worlds back! My attorney pulled out the 3-day Cancellation Notice I signed, faxed, mailed & confirmed received, saying “we can start with this”, and then we can file motions and such, after looking over only a couple of pages of my presentation, I set up at 1st & only appt.
    I had 2 hrs. to wait for her, an empty conference room, & 6 files boxes of documents to show her. She said she would be in touch to go over everything else, after I deposited the money into her account.
    I personally, with my money & labor had taken an old 1300 sf. farm house built in 1890’s having a “Purchase Money Mortgage” of $235K, 06/30/04 no additional loans, my boyfriend built with my money & help, I alone paid for everything, building a 4,000 sf. 2-story Custom home appraised 03/06, for $796,500.00, the bank, with 2 fraud mortgages stole every cent of equity, & a year after my court case, I put against them they fraudulent foreclosure, everything is with MERS, “ASSIGNMENTS OF SUBSTITUTE TRUSTEES’ etc.
    but there are no attorneys who specialize in mortgage fraud (not even the ones that advertise, like my attorney). Up until a few months ago, they acted like I was a “crazy lady”, who was trying to get something for nothing from the “Great Gods”, I mean, the banks, brokers, title companies, insurance cos., credit bureaus. I’ve corresponded with at least a hundred. Locally, in Virginia, owned and operated by Wachovia / Wells Fargo Bank, they want to bankrupt you or do a bogus modification, not go up against the “Almighty Bank, WACHOVIA”, and the out-of-state attorneys, Demet, etc. that have succeeded against the banks for homeowner’s tell me they “are licensed in 34 states but not licensed in VA”. Virginia is a “Commonwealth” run by the CBN, and Wachovia/Wells Fargo, also, a NON-JUDICIAL STATE, this bunch of “Good ol’ Boys” stick together & change the “rules” to sue themselves, just like our government.
    If you know a lawyer or advocate or anyone who can help, before my lawyer and the court shut down all my options,
    PLEASE CALL ME, Rita Cheche (757) 427-0075.

  3. I witnessed all this foreclosure fraud back in the ninetys when Fidelity NY FSB/Astoria Federal S & L successor in Interest hid four of my mortgage checks in order to fake a default, accelerate and foreclose and I told NYSC Judge Carol Arbor, that a bank cannot hide your payments and then say you didn’t pay.

    I told Judge Arbor they did this in Nazi Germany, they don’t do this in the United States and her reply was STRIKE HER ANSWER.

    • lvent says:

      Good for you!!!! They hate smart people. Time for the American people to tell all of them to go to hell. Conformity is communism. A healthy Democracy is supposed to be noisy.

  4. Equity Free says:

    Illegal for you , not for the corporations that exist for only one purpose “Profit ” no matter who gets screwed .
    Once upon a time we had a government that regulated these corporations from pursuing their purpose unchecked, unapposed and separate from government so their “profit ” motive would not destroy society . .
    Workers were paid a wage that they could live on, they received health benefits, a retirement plan .
    Consumer protection laws that prohibited corporations from flagrant abuse as in this mortgage and security
    scam that precluded the fraudclosures would have prevented it , instead they were awarded a bail out .
    The government was taken over by corporations who lobbied ( bribed ) law makers to enact, deregulate laws that once protected us, to laws that are guaranteeing their “PROFITS ” ..
    The spin is government is bad in every issue and a private corporation can do it better and cheaper .NOT
    You are slaves to the private corporate elite who have law makers cutting Medicare and S/S while adding more tax breaks for the rich and adding more to defense . The rich are getting richer , the poor are growing ..

  5. Readdocs says:

    If, and a very powerful word, there were no sales of real estate, unless with cash
    buying from the individual owner,were to start it would dry up the revenues the banks
    and mortgage companies must have to stay afloat.
    It is improbable but not impossible for this to happen. It would break the back of the fraudsters
    from A to Z. It would also force the counties to take a good look at their records, inventorying
    all of the fraud in each county, and then on to having the states investigating and prosecuting
    the fraud.

  6. lvent says:

    This by Reuters and still MUMS THE WORD, from the “U.S.” mainstream press.FORECLOSUREGATE IS THE SCANDAL THAT SHOULD BE ON THE NEWS EVERYDAY, NON-STOP UNTIL THERE IS JUSTICE FOR THE AMERICAN PEOPLE WHO WERE ROBBED IN THE BIGGEST PONZI SCHEME SWINDLE AND HEIST IN U.S. HISTORY. The topic today on every media outlet including CNBC and BLOOMBERG is Rupert Murdoch and his news of the world scandal. Who the eff, really cares about that shit? Makes me wonder what they are really up to today.

  7. Wayne says:

    The State of Arizona is a right along with all this Fraud. They have lied to the People of Arizona, having them think they are doing something. Trying to call HUD or the Consumer Complaints … No one works … No one there and no return phone calls. This State is in bed with Bank of America …. go figure.

    • lvent says:

      The U.S. Government is ALMOST COMPLETELY CORRUPTED.. The whole country is being held hostage by the FOREIGN OWNED BANKS/WALL STREET/FEDERAL RESERVE FASCIST TYRANNY and the U.S. GOVERNMENT HAS ALLOWED THEM TO DO THIS TO AMERICA AND ARE STILL AIDING AND ABETTING THEM WITH THIS MASSIVE COVER-UP FOR THEIR PONZI SCHEME SWINDLE AND HEIST. IT IS A COVER-UP A/K/A FORECLOSUREGATE. THE BIGGEST TRANSFER OF WEALTH FROM MAINSTREET TO WALL STREET TO THE RULING ELITE. THEY PRIVATIZED OUR WEALTH IN OVERSEAS BANKS AND SOCIALIZED THE FAKE DEBT THE CREATED IN THE PONZI SCHEME ONTO THE AMERICAN PEOPLE. THEY ARE MAKING THE PEOPLE PAY FOR THEIR OWN ROBBERY VIA THE BAILOUTS, THE FED’S ECONOMY CRUSHING MONETARY POLICIES THAT ONLY FAVOR THE WEALTHIEST 2 PERCENT, AND FRAUDCLOSURES. THE U.S. GOVERNMENT IS ALLOWING THE FOREIGNERS, HIDDEN BEHIND THE SCENES TO DESTROY OUR FREEDOM. THE PEOPLE WANT THE POLITICIANS AXED AND WALL STREET TO PAY THE NATIONAL DEBT AND THE US GOVERNMENT TO STOP ALLOWING THE CROOKS WHO ROBBED US TO FINANCIALLY TERRORIZE THE AMERICAN PEOPLE, THE VICTIMS OF THE SCAM/SCHEME. SEE YOU TUBE VIDEO ENTITLED, CNBC ILLUMINATI CRASHES STOCK MARKET. THIS WAS ALL PLANNED TO DESTROY OUR FREEDOM AND NATIONAL SOVEREIGNTY BY THE ELITE, BOTH AMERICAN TREASONISTS AND FOREIGN FREEDOM HATERS. DEATH TO THE U.N./ NEW WORLD ORDER FASCIST TYRANNY!!!! A NATION IN DEBT AND AT CONSTANT WAR IS NOT FREE!!!!!!!

  8. John says:

    And why would they stop?
    Nothing has been done to them so far. In fact, the more its done, the more it would cost to straighten it out so the practice is made legal or dismissed as a simple error as that cost the banks and government less.

    • lvent says:

      So we just all throw up our hands and let them get away with it? That is what they want. Share and spread the knowledge and the truth to everyone you know. Keep educating yourself and other people. When you are broke, knowledge is power.

  9. AS says:

    This goes on all over the US and is being done by foreclouse mills who defend alleged illegally signed documents, and affidavits that have false information on them which their attornies sign. Many of the Biggest Foreclouse Mills in are listed on a website that links Mills to LPS and Doxc.

    http://chasehomefinancesucks.com/2011/07/foreclosure-mills-state-by-state/

  10. lvent says:

    I read it is illegal for these pretender lenders to even bring a foreclosure complaint on a clouded title. This is an illegal practice and this must be stopped. Many judges are now aware that just because a “lender” says someone owes them money that does not mean they OWN THE LOAN. If the States forced the pretender lenders to introduce the records of the loan and challenge any testimony or affadavits by the pretender lenders that would put a stop to fraudclosures. Most people do not know this. That is deceptive practices and unfair dealing by our own legal system and it is despicable for any Judge to allow this to happen to the sheeple…There needs to be a nationwide ruling that unfair and deceptive practices cannot be allowed by these pretender lenders to steal homes IN A UNITED STATES COURT OF LAW unless they PROVE the entire chain of title of the loan. Even show me the note is not enough. The pretender lenders must be forced to have a clear chain of title to them and the original wet ink note before even bringing a foreclosure. They cannot because of the ORIGINATION FRAUD at the inception of the “loan” and then there is MERS which really clouded title. This is an attempt to collect a debt does not mean they own the loan. They must have the original mortgage with their name inserted in it and the original wet ink note and all transactions made in the homeowners name from the inception of the “loan” or FUGGETABOUTIT. This is America, not Nazi Germany.

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