Robo-signing Foreclosure Fraud: The Changing Signature of an Exec

The robo-signing foreclosure scandal has brought to light some of the banking industry's slipshod practices in the foreclosure process. For many months, consumer advocates have warned federal government officials that the mortgage servicing industry is designed to foreclose on defaulted loans as quickly as possible because that's how mortgage servicers make a profit - despite the "lip service" that the banking industry has paid to government programs such as the Making Homes Affordable Plan. 

Here is an example of how "robo-signing" of documents work as reported by the Washington Post. For years, an employee of a document processing company, Linda Green, had been claiming to be an executive of Bank of America, Wells Fargo, U.S. Bank and dozens of other lenders while signing off on loan foreclosure affidavits and documents. In many cases, though, her names appears to have been forged by different employees.

According to the Post, Green worked for a company owned by Lender Processing Services. LPS is now being investigated by the U.S. Attorney in Florida for allegedly using improper documents to speed the foreclosure process.

To see examples of Green's ever-changing signature, just click here.   

Another example of the speed and inaccuracy that our law firm sees in the foreclosure process is the wrongful lockouts and trash-outs of American homes. If you've been locked out of your home by your bank or mortgage processor, you DO HAVE RIGHTS.  Order our FREE book and learn your rights.