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TITLES TITLES TITLES TITLES

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More foreclosure irregularities (FELONIES) alleged in Maryland

Former law firm employee says over 1,000 deeds were recorded with false signatures

Some excerpts from the report…

Prosecutors have launched an investigation into a complaint that more than 1,000 deeds for homes foreclosed upon in Maryland were improperly executed — the latest development suggesting widespread problems in the way foreclosures have been handled in the state.

The complaint, filed last week by a paralegal formerly employed by the Shapiro & Burson law firm, lays out allegations that attorneys who were supposed to be signing deeds and key foreclosure paperwork for Maryland properties instead instructed others to falsify their signatures on the documents.

Now where does that sound familiar?

But wait there’s more…

A total of 16 notaries at several firms since last summer either have stepped down, were stripped of their commissions or let them lapse after complaints that the workers falsely attested to witnessing specific attorneys sign foreclosure documents, the secretary of state’s office said. An additional nine cases are pending.

Can this be another issue in the FRAUDCLOSURE process?

The complaint regarding improperly signed deeds at Shapiro & Burson, sent in the form of an affidavit to both regulators and law-enforcement agencies, represents a new wrinkle in botched foreclosure processes because deeds are essential to establishing a chain of ownership on property.

“It’s a big deal when deeds don’t have the correct signature on them because the deed is a forgery,” said attorney Phillip Robinson, executive director of Civil Justice, a nonprofit group in Baltimore that has filed suit against mortgage servicers to get them to drop foreclosure cases with improper documentation.

Charlene Perry, who specializes in foreclosure title work as vice president of Preferred Title Group Inc. in Baltimore, calls a deed with a false signature “a huge problem” that could come back to haunt a later homeowner if it is challenged. Most homebuyers purchase title insurance, so it would be up to the insurer to pay for their legal defense, she said.

Yep, there goes those title issues again…

The financial consequences of foreclosure irregularities in Maryland and nationwide have made title agents nervous, she added. She said she’s seen many variations in signatures that gave her pause. “I think our industry is going to take a huge hit in terms of claims,” she said.

Got that? “I think our industry is going to take a huge hit in terms of claims”

And they think SPEEDING UP Fraudclosures will fix the economy…

Anyway, you check check out the rest of the article here…

But be sure to check out the affidavit below…

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4closureFraud.org

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Full Affidavit of Jose Portillo of Shapiro & Burson