Comments on: NY Times – Document Flaws Have Put Brakes on Foreclosures

By: fighting mad, mad as hell

fighting mad, mad as hell — Fri, 01 Oct 2010 23:12:59 +0000

The robo signers must be mutants or have super powers!
If they were signing 10,000 foreclosures a month that means they were going at a rate of 1 file every 1.04 minutes for 8 hours a day, 5 days a week.
That includes: getting the file, reading the file, verifying the information in the file, and signing it in front of the notary.
It just took me 24 seconds just to open a hard copy file, find the place I sign and sign the thing.
Took 5 seconds just to sign my name.
Imagine if I had to actually read over and verify all the essential information in the file?
Considering that all the information, in every file, needs to be checked and verified, and the documents are more than 2 pages long, it would take surely take Superman more than 1.04 minutes to accomplish!
Did they have to check the file against a database? Or were the signers supposed to have the information memorized already?
Where was the verification information kept?
When I worked in the mortgage dept, homeowner files usually contained all kinds of letters, documents, and other papers in them. All copied and stored in a computer file.
Nothing was instantly available in any form.
So, why is there any question that they never checked anything and just signed as many as they could in a day?
There is no other way it could be done, grab files and just sign, sign, sign!

And somebody tell me how the Hell did they foreclose on a house that never had a mortgage?
A home with no file at all?

By: MARK ANAYA

MARK ANAYA — Fri, 01 Oct 2010 15:39:19 +0000

Oh yea sure look at the ones posted on my website, from Wells fargo, and Americas Servicing, signed by the infamous John Kennerty, also note NOD filed by NDEX west BEFORE substitution of trustee granting this power to NDEX west in both cases

By: Willow

Willow — Fri, 01 Oct 2010 13:29:58 +0000

Sweet Jesus! It’s about time. I was in foreclosure until my home sold and I was able to pay off the loan in full. But I lost all my equity in the process…to the tune of $150K. I will never buy another home again unless I can pay cash and the title is clear and unclouded. Future sellers will be forced to bring a quiet title action to clear their title before they can sell; future buyers of foreclosed property will discover that their title to the property is in doubt; potential buyers will be demanding proof of clear title before they put down any money toward purchase. In time, this fiasco will clear up, but unless the government and the court system enforces laws and regulation, it’s going to be a long haul. Hang in their folks and keep pushing and fighting…it’s time to clean up the system. Always remember, there are more of us than of them.

By: Officer of the Law

Officer of the Law — Fri, 01 Oct 2010 03:49:20 +0000

Bank of America is under investigation by several states and the DoJ. They already have enough to indict a large number of BOA executives and their attorneys. Of course, almost every major mortgage loan originator has violated a variety of state and Federal laws from loan origination to servicing and foreclosure.

It looks like the pressure from Congressman Grayson and Senator Franken will stir the DoJ to take action. If not, the DoJ will have some explaining to do, too.