- Grand Jury Transcripts of Gary Trafford and Geraldine Sheppard of Lender Processing Services in Nevada Foreclosure Fraud Case
- Swat Team Storms House Tasers Stroke Victims Wife During Foreclosure Eviction
- Death by Foreclosure | Denied for Loan Modification Six Times, Man Kills Wife, Self, Burns Down Home
Feb
02
Arson | Wife Torches Family Home To Conceal Pending Eviction From Foreclosure
Grand jury testimony points finger at Pleasanton woman accused of arson PLEASANTON — A mountain of debt cloaked in years of forged spousal signatures and a pending foreclosure were the motive for a Pleasanton woman to burn down her home in a 2008 fire, according to arguments given by prosecutors before the Alameda County grand … Read more
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Jan
18
WPTV WPB | Impact 5: The Foreclosure Battle (VIDEO)
Our local station in Palm Beach Florida says they are going to focus on the foreclosure crisis as their top story of the year. I can see the stations studio from my balcony. Might have to drop in for a visit. ~ 4closureFraud.org Tweet Related posts: Video – Attorney Signatures – The Next Fraud Battle … Read more
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Jan
17
Wisconsin Democrats brag: The Walker recall effort has reached 1 million signatures
Proving ... ?
Given that the “Recall Walker” effort reached 300,000 signatures in just 12 days, it would have been far more surprising if Wisconsin Gov. Scott Walker’s opponents didn’t manage to collect enough signatures to go forward with the election. Still, 1 million signatures is nearly twice the number needed to trigger an actual election — and [...]
Jan
04
Obamateurism of the Day
Signatures.
We’ve certainly noted Barack Obama’s sudden affinity for presidential signing statements after taking office on several occasions, having vented his spleen at George W. Bush’s habit of challenging Congressional legislation without offering a veto. This is just one example: Q: When Congress offers you a bill, do you promise not to use presidential signage [sic] [...]
Jan
04
Obamateurism of the Day
Signatures.
We’ve certainly noted Barack Obama’s sudden affinity for presidential signing statements after taking office on several occasions, having vented his spleen at George W. Bush’s habit of challenging Congressional legislation without offering a veto. This is just one example: Q: When Congress offers you a bill, do you promise not to use presidential signage [sic] [...]
Dec
26
Noted historian claims failure to make VA ballot a lot like … Pearl Harbor
Disaster.
I’ve spent this morning trying to come up with a “Tora! Tora! Tora!” reference for this claim, and I just can’t quite make it: Newt Gingrich’s campaign director said the candidate is viewing the setback in Virginia, in which he failed to collect enough signatures to qualify for the state’s primary, as an “unexpected setback” [...]
Dec
23
Breaking: Rick Perry disqualified from Virginia ballot for insufficient signatures
Fiasco.
We knew it might happen but I don’t think anyone thought it would happen. If you guys need me, I’ll be in a dark room drinking myself into unconsciousness. An announcement from the party on former House Speaker Newt Gingrich’s petitions is expected Friday evening. The state GOP verified Friday that Romney and Paul turned [...]
Dec
22
Fiasco: Bachmann, Huntsman, Santorum fail to make Virginia ballot
Thinning the herd.
That’s not even the worst part. The worst part is that Perry and Gingrich, either one of whom could still become the Great Grassroots Hope against Romney, might not have qualified either. You need 10,000 signatures to make the ballot but 15,000 are recommended since a bunch are bound to be thrown out as false [...]
Dec
15
Action Alert | SOS For Danielle Sterling Endorsements & Signatures For American Home Mortgage Entities
SOS For Danielle Sterling Endorsements & Signatures For American Home Mortgage Entities Friends & Colleagues: We have a BIG case that will turn industry on its head. We are now going after “robo-endorsers” which is similar to robo-signing, but with the actual endorsements placed on alleged wet-ink promissory notes and allonges. We have evidence and … Read more
Related posts:
- Bank of America Attempts Another Theft of an American Home with PAID OFF MORTGAGE! Maria and Jose Perez v. Bac Home Loans Servicing Lp, ReconTrust, Na
- Ohio Attorney General vs AHMSI American Home Mortgage Servicing Inc
- KABOOOOM | Plaintiff’s Petition – American Home Mortgage Servicing vs Lender Processing Services (LPS)
Dec
14
“Mickey Mouse” is free to petition for Scott Walker’s recall
"Adolf Hitler," too.
Just as Attorney General Eric Holder speaks out against voter identification laws, a government board in Wisconsin yesterday signaled that it will accept the signatures of “Mickey Mouse” and even “Adolf Hitler” on petitions for an election to recall Gov. Scott Walker. Politico has the story: Signatures of names like Mickey Mouse and Adolf Hitler [...]
Dec
01
“Recall Walker” effort starting strong, with 300,000 signatures in 12 days
No real surprise there.
In case you missed it, United Wisconsin announced earlier this week that its members collected more than 300,000 signatures in support of a Scott Walker recall election in just 12 days. That’s not necessarily surprising — single-issue activists are notoriously focused and motivated people — but it’s still impressive, translating into more than 1,040 signatures an hour. That’s [...]
Nov
17
Heh, It’s A Bankster CRIMINAL Indictment! (LPS)
The Market Ticker – Heh, It’s A Bankster CRIMINAL Indictment! My God, it’s full of stars! The 606-count indictment alleges that the two title officers, Gary Trafford and Gerri Sheppard, directed employees under their supervision to forge their names on foreclosure documents, then notarize the forged signatures, so that it appeared that the pair … Read more
Related posts:
- FRAUDCLOSURE | OFFICE OF THE ATTORNEY GENERAL (NOT PAM BONDI) ANNOUNCES INDICTMENT IN MASSIVE ROBO-SIGNING SCHEME
- Foreclosure Fraud Fail | There Are No More Criminal Laws for Banks
- Assembly Bill No. 284 | Potential Felony Charges Make Servicers (aka Illegal Debt Collectors) Pause Nevada Fraudclosures
Nov
10
Soon Enough the Situation Will Be Reversed | Berkeley Police Beat PEACEFUL Cal Students to the Ground (VIDEO)
The day of reckoning is coming… What side will you be on? ~ 4closureFraud.org Tweet Related posts:Video – Attorney Signatures – The Next Fraud Battle Ground OCCUPY | A Message To The Police: “You Have No Power!” (VIDEO) Lee Camp | The Police Are On The Wrong Side At The #OccupyWallStreet Protests (VIDEO)
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Oct
25
Foreclosure Fight Club Lawyer George Babcock LIVE on the Buddy Cianci Show @ 5pm Today 10/25/2011
“Send your minions that I may lay waste to them before me.“ ~ George Babcock ~ Foreclosure Fight Club Lawyer George Babcock LIVE on the Buddy Cianci Show @ 5pm today Sorry for the late notice but just got the info… You can watch LIVE on Ustream and CHAT if you have an account here… … Read more
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Oct
19
Ocwen | Delivery of Modification Package and Petition by Bermuda Triangle Recovery Services (VIDEO)
This was fun… Volunteers representing several community action groups went to Ocwen Financial in West Palm Beach, Florida and delivered the paperwork along with a petition with 74 hundred signatures supporting 71-year-old Dixie Mitchell, in person. More on this here, here, and here… Superintendent Lawsky Announces Agreement With Goldman Sachs, Ocwen, Litton On Groundbreaking New … Read more
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Oct
19
Ocwen | Effort to keep Seattle woman in her home goes nationwide
So acting on her behalf, volunteers representing several community action groups went to Ocwen Financial in West Palm Beach, Florida and delivered the paperwork along with a petition with 74 hundred signatures supporting her, in person. ~ Effort to keep Seattle woman in her home goes nationwide A Seattle woman is trying the direct approach … Read more
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Oct
14
Linda Green | Robo-signing Signing Scandal Hits Allen County Recorder John McGauley, Thousands of Suspect Documents, Including His Own
Signing scandal hitting home Dubious names affect verification of deeds FORT WAYNE – Allen County Recorder John McGauley knew property documents with suspect signatures were prevalent. After all, there were so many that a year ago the nation’s largest banks had to halt foreclosures to deal with the sea of paperwork that could not be … Read more
Related posts:
- AG (NOT Pam Bondi) Gets Help from County Recorders (NOT Sharon Bock) in Robo-signing Investigation
- Toxic Titles Part Deux – Linda Green of Docx (et al?) Did NOT Have Signing Authority on Behalf of MERS
- Robo-signed | Fraudulent Mortgage Documents Fill County Files Dating to the Late 1990s or Since the Inception of MERS
Oct
10
Wisconsin Democrats: The effort to recall Scott Walker begins November 15
It's on.
My headline was better the last time I wrote about this. Wisconsin Democratic Party Chairman Mike Tate said on the party’s website that recall petitions will be circulated starting Nov. 15, giving supporters of the effort until Jan. 13 to collect 540,208 signatures… A group called United Wisconsin is leading the Walker recall effort and [...]
Feb
01
Attorneys Should Hold Private, Secret Hearings To Report Fraud….
I really think my head is going to explode. It’s getting way past the point of being able to make sense of any of this….from the Palm Beach Post:
In an opinion that could have unfathomable consequences in countless foreclosure cases, The Florida Bar says attorneys must notify a judge about potential fraud — including robo-signed affidavits and forged notary stamps — even if a foreclosure case is closed and the home has been sold at auction.
The direction was published in an article in today’s issue of The Florida Bar Journal as part of an outline in a new free online foreclosure class offered by The Bar. The class is in response to problems that led several major lenders to temporarily freeze foreclosures last fall.
No one knows how many cases could be affected or what judges will do when they are notified. About 1.2 million foreclosures have been filed in Florida since January 2007, according to RealtyTrac. Investigators for the Florida Attorney General’s Office have found tens of thousands of forged signatures, backdated documents and other problem paperwork at four law firms, so-called “foreclosure mills” currently under investigation.
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Jan
04
SIGN THIS! StopServicerScams.com Petition Will Go to Geithner, Bair, Bernanke, and Walsh!
Servicer abuse? I’m the poster child for hating servicer abuse! So, why am I always the last to know about these things? Geeze… what am I… chopped liver over here? Oh well, it just came out this morning on Naked Capitalism, so I guess I caught it in time…
So, how about doing me a favor and showing everyone that Mandelman Matters readers… well… matter… by not only signing this yourself, because I know you want to stop Servicer scams and abuses as much as anyone in the country… but also could you put in the extra effort and forward it to everyone you know that will also want to sign it? PLEASE? Post it on your Facebook page, LinkedIn page… Tweet it and re-Tweet it! Anything you can think of, but do it now! Some petitions have already been delivered.
Yves Smith on Naked Capitalism says: “This is meaningful action that every citizen can take.” And I want to believe her. Well, I definitely believe that you’re not helping by not signing it, let me at least say that.
If you read me regularly then I don’t have to tell you that mortgage servicers are out of control. They lie constantly, they foreclose on homes they shouldn’t… they even break into homes they don’t even own… did I already mention how much they lie?
Come on… we need you to be involved and we need all the signatures we can get… plus you’ll make me look good! (Kidding, I’m just kidding.)
Make your voice heard… there’s even a comment section on the petition… this is your chance to tell Geithner, Bair, Bernanke and Walsh (who is acting Comptroller of the Currency), what you think of what’s been allowed to go on… for far too long.
I’m serious about this… there are no magic bullets, but there are also no journeys that don’t begin with a first step! So, please SIGN IT NOW! There is literally no time to spare if you want to be heard.
CLICK HERE:
StopServicerScams!
Mandelman out.
P.S. Here’s a link to Naked Capitalism’s Yves Smith’s letter that accompanied 12,000 signed StopServicerScams.com petitions:
“Citizens call for tough regulation of residential mortgage servicers”
~~~
Still not sure, here’s Ohio Senator Sherrod Brown, attending a Senate Hearing on the foreclosure crisis…
Dec
14
Legal Woes Mount For Foreclosure Kingpin
The reports and investigations will continue to roll in…but will there be any relief for the homeowner who was victimized by such practices? How many more families will be thrown into the streets while these investigations play out?
The first sign of legal problems for LPS emerged earlier this year, when the company disclosed that federal prosecutors in Florida had opened a criminal investigation into apparently forged signatures on foreclosure documents prepared by DocX, the shuttered subsidiary located in a small office park in Alpharetta, Georgia.
Fidelity National Financial, LPS’s former parent, had bought DocX in 2005. The unit soon became a high-speed mill, churning out mortgage assignments — many of which are now known to be of doubtful validity — on behalf of banks and investor trusts, helping them to foreclose on homeowners.
Few firms benefited more from the collapse of the U.S. housing boom than LPS. Spun off as an independent company in 2008, the company has seen its profits, with big help from its mortgage default services business, reach $232 million for the first nine months of 2010. That is a nearly 15 percent increase from the same period in 2009. Its revenue last year was $2.4 billion, up from $1.8 billion in 2008.
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Nov
28
To get a sense of the lawlessness in Florida’s court-run foreclosure process, look no further than public records at the Sarasota and Manatee county courthouses.
There, on foreclosure documents open to everyone, is the evidence that at least one law firm’s employees repeatedly broke a state law in a rush to push cases through the courthouse so banks could seize people’s homes.
There, on foreclosure documents open to everyone, is the evidence that at least one law firm’s employees repeatedly broke a state law in a rush to push cases through the courthouse so banks could seize people’s homes.
The evidence — missing signatures and misdated documents that could not have been signed on the dates specified — can be found on an important document called a “mortgage assignment.” The paperwork helps prove a lender has the legal right to seize a property.
Without it, a bank would have a costlier and more time-consuming legal path to foreclose, even if a homeowner never makes another mortgage payment.
Faced with that prospect, employees in David J. Stern’s law offices bent and broke the rules designed to ensure the documents judges rely on to award foreclosures are authentic, a Herald-Tribune investigation found.
Full Sarasota Tribune Article Here
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Nov
04
Service of Process Fraud- The Next Boot To Drop in FraudclosureGate
The press is starting to pick up on what will be an unavoidable and unresolvable conflict in foreclosure cases….fraud in service of process.
Forget about Jeffrey Stephan and the other “technical” problems with foreclosure files, because when you don’t have good service of process, you don’t have jurisdiction and if you don’t have jurisdiction any judgment is VOID.
This is a massive issue and we’re going to start picking apart the process servers just like we’ve been taking down all the other conning/fraudulent elements that have infected the entire foreclosure process.
Examine all your summonses carefully and let’s all start comparing the alleged “signatures” on summonses…oh and the affidavits of diligent search and inquiries….wonder just how diligent they really were? Were the summons actually served by the licensed process server or were others doing service? (That’s void service.)
How many attempts were actually made by process servers? Who exactly are the “neighbors” that the process servers always seem to talk with but never identify? Exactly how many mobile homes do they try and serve at? How much is over billed for service of process charges (but no one is looking right, and I mean it’s only foreclosure right)?
Are the summons actually real, authentic and issued by the court?
Read the first in what will be many more stories here.
This is an issue that will not go away and cannot just be swept under the rug. There is no statute of limitations on fraud in service of process. (Hello title insurers, just how confident are you in the process servers and your law firms?)
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Oct
19
Witness: Signatures Were Faked at Foreclosure Firm
“Former secretary says signatures were faked at law firm being investigated over foreclosures”
The Associated Press
By MIKE SCHNEIDER and TAMARA LUSH Associated Press Writers
“An office manager at a Florida law firm under investigation for fabricating foreclosure documents would sign her name to 1,000 files a day without reviewing them and would allow paralegals to sign her name for her when she got tired, her former secretary said in a deposition released Monday.
Cheryl Salmons, office manager for the foreclosure department at the law offices of David Stern, would sign 500 files in the morning and another 500 files in the afternoon without reviewing them and with no witnesses, said former assistant Kelly Scott in a deposition released by the Florida attorney general’s office.
The files were laid out on a conference room table for Salmons to sign, the former secretary said.
“She doesn’t review them. She just looks,” Scott said. “The paper is going to be in the top folder so it’s visible to her, and she knows exactly where she has to put her signature.”
Paralegals would then collect the files and swap them with each other, signing them as witnesses even though they had already been notarized and executed, Scott said.
Salmons allowed some paralegals to sign her name for her, said the former assistant, who worked at the firm for a year in 2008.
“Most of the time she was very tired, exhausted from signing her name numerous times per day,” Scott said. “You have to understand it was more than 500 files that she is signing morning and afternoon.”
The deposition took place two weeks ago as part of the attorney general’s investigation into the law firm.
Another deposition released Monday was of Mary Cordova, who worked at G&Z Process for two months. Stern’s law firm used G&Z as a process server for foreclosures.
Cordova said when she was hired, she was told that she needed to process at least 22 cases per eight-hour shift.
“It was almost like we didn’t have time to really look at what we were doing,” she said during her deposition. “It’s like this is the particular information, input that, turn that page, here’s this piece of information, type that in. It’s more about speed than accuracy per se. Although a supervisor would look at the papers to see if they’re pretty accurate.”
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Oct
18
Bank of America to resume some foreclosures
Bank will lift halt on sales in 23 U.S. states requiring a judge’s approval
By ALAN ZIBEL
The Associated Press 
“WASHINGTON — Bank of America plans to resume foreclosures on more than 100,000 homes in 23 states next week, saying Monday it has a legal right to seize them.Bank of America Corp., the country’s largest bank, began halting foreclosures on Oct. 2 amid questions of faulty paperwork.
The company on Monday said it plans to resubmit documents with new signatures in states that require a judge’s approval to restart the foreclosure process.
It will continue delaying foreclosures in 27 states that do not require a judge’s approval.”
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Oct
05
This Is What An Attorney Signature Looks Like?
So I’ve been commenting for quite some time with problems with signatures. Have a look at the signature that appears on the document below for insight into what I’m talking about:
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Sep
27
Attorney Signatutes- The Next Fraud Battle Ground
The Florida Rules of Civil Procedures require that all pleadings filed in a case be signed by a licensed Florida attorney. I have started to examine files and am becoming increasingly suspicious that this important rule is not being followed by the foreclosure mills.
I am therefore starting to examine all my pleadings closely and I encourage each of you to do the same. Ultimately I would like to build a database of these signatures to compare, so for those of you out there that are spending time looking at court filings, please start examining the signatures and making a cut and past document similar to the one I attach below.
My first example of gross irregularities in the signature of an attorney who makes filings in a court case comes from Ohio. The document was prepared by a reader of this blog and it comes from an Ohio foreclosure mill attorney. Please look at the sheet. There really is no commentary necessary regarding whether these were signed by the same person….
Given what we know about the foreclosure mills and their operations (particularly the offshore components of their practice) I cannot imagine that they are following this rule. (I mean the violate every other rule)
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Sep
25
The Stephan/GMAC Foreclosure Fiasco Is Just The Start- Next, Are The Attorney Signatures Real?
A requirement of every lawsuit filed in Florida courts is that they must be signed and affirmed by a licensed member of the Florida Bar. I’ve long had a real problem with the sloppy, arrogant messes of signatures that appear on pleadings filed in these foreclosure actions and now I’ve got real suspicions that some of these signatures may not be of attorneys at all.
Take a close look at the attorney signatures that appear on the complaints that are filed and on the lis pendens and motions. Next, look that attorney’s signature up on mortgages for their homes that are recorded in the counties where these attorneys work. The mortgage signatures are presumably their real signatures, but look at the “signatures” that are on the pleadings. If the signatures that are on those pleadings are not of the attorney as they are required to be according to the Florida Rules of Civil Procedure, this would be a Bombshell at least as big as the Stephan announcement.
Up next, more GMAC affidavits that are withdrawn
By the way, these notices cannot just go out in contested cases, they must be withdrawn in every single case in which they were filed, contested or not. Are our courts equipped to match those withdraws up to the cases they are filed in? How many taxpayer dollars will be spent processing these withdraws? Worse yet, how many foreclosure rocket docket judgments will be granted since this withdraw issue came out? How many of our Senior Judges who are presiding over these foreclosure gas chambers are even aware of these issues? (I know the ones that I have made aware of this were totally aware of anything…they are even unaware of the AG investigations….)
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Aug
03
DEVIL IN THE DETAILS
EDITOR’S NOTE: Here is a very good example of assuming nothing and challenging everything. The pretender lenders are depending upon you and the judge to rely upon initial impressions. These documents look fine from 6 feet away or if you just skim them. But when you start looking at everything you begin to see things in the same way that you solve a puzzle. When you first look at a puzzle you might not know where to begin. But as you examine it clues are revealed.
You can easily see from Laura’s comments below how these documents fall apart upon close scrutinization. For example, six different signatures from the same alleged VP on 20 different documents. Our recent comments directed toward the question of whether these people actually exist becomes increasingly important as we examine these documents. Make sure you look and make sure your Atty. looks closely for these kinds of discrepancies. I would venture to say that in virtually all cases you’ll find the discrepancies.
You must remember that this is not just a matter of finding the discrepancies but demonstrating them to a judge along with an argument based in law that the discrepancies are important enough to stop the pretender lender from going forward with any foreclosure.
FROM LAURA
Just a quick follow-up…
- Went to Clerk and Recorder’s office, and reviewed every assignment ever filed by Creative Mortgage Funding (initial lender). The signature of the then-vice president of Creative Mortgage Funding is DIFFERENT on most of these – in fact, I see a total of six distinctly different signatures on the 20 assignments that just went to Ohio Savings Bank/Amtrust. Some of them are assigned to MERS, and I suspect the signature of the VP on these is one of the robot-signers out there. The former VP now works as a VP of Sales for a different mortgage company.
- There are only two notaries on all of these assignments. One of whom I know worked for Creative Mortgage Funding (how could she not see that it wasn’t her boss’s signature on some of these assignments?) and is still a registered notary in the State of Colorado (lives just a few blocks from me). The other notary was the owner of the company that prepared the loan documents (Loan Docs, Inc.) and is no longer a registered Notary in Colorado, appears that she now lives in Nebraska and may have a liquor license. Both companies show in the Secretary of State’s office as administratively disbanded in 2006 and 2007 for failure to file annual report and pay annual fees.
As advised by Abby and others, I will be filing a complaint with the Notary division of the Secretary of State’s office before the week is out on both notaries, although I suspect they will only act on the complaint regarding the notary who is still registered.
- Received notice in the mail today, August 2nd, only one day after they became supposed servicer of record, from the alleged new servicer, Residential Credit Solutions, notifying me that they are the new loan servicer. Sent QWR out today, too 
- Supposedly the NEW “owner” of my note is “Amtrust 2010 NP-SFR” – this is a LLC consisting of a “consortium” of Residential Credit Solutions (a debt collector in Fort Worth, Texas), CarVal of Minnetonka, Minn. (a private portfolio manager of undervalued and credit-intensive assets), and RBS Financial Products Inc. of Stamford, Ct, (a commercial real estate lender that purchases, sells and finances commercial and residential mortgage loans and other financial assets.) Oh, let’s not forget the FDIC, which has a 60% stake in this new LLC. Of course, none of this tells me who “owned” my loan prior to the failure of Amtrust Bank.
- Met with the Investigator on Duty of the Economic Crimes Division of our local District Attorney’s office today, and showed him all the notary fraud/misconduct I found, including 40 other (yes, 40!) assignments that were never signed and/or notarized or both from BAC Home Loan Servicing (Bank of America) – thought maybe if I showed him one of the “big guys” he’d be more interested, than in going after some “little guys” who aren’t even in business technically anymore. Well, he was very polite, spent about 40 minutes with me, asked some good pertinent questions (“but what is the harm TO YOU…”), but ultimately, told me they don’t have the resources to pursue such stuff as this… implied that there really isn’t any “true” harm since people are going to pay their mortgages to someone or are going to lose their houses regardless of who signed what… then actually told me I shouldn’t waste my time and energy worrying about “other people” and “chasing shadows”… in other words, go away little girl. Obviously, he doesn’t know me very well.
Ok, this wasn’t that “quick” of an update… but felt like sharing
Filed under: foreclosure
Aug
02
FALSE DOCUMENTS, FALSE IDENTITIES
FALSE DOCUMENTS, FALSE IDENTITIES
I have been receiving a great deal of confidential information from sources that appear to be reliable. These people wish to maintain their privacy and have offered their information on condition of anonymity. This is a report concerning some of that information.
We have received information from several homeowners that when they went to the recording office and obtained copies of the documents on their loan closing they discovered that the note and mortgage (deed of trust) were dated before the loan closing. In some cases people are alleging an actual forgery and assert that they have handwriting experts to back them up. This alone is interesting. They don’t dispute the loan closing and they don’t dispute that they signed a note and mortgage. What they dispute is that the documents recorded are not the documents they signed.
A little more disturbing is the fact that several homeowners with specific knowledge are reporting forged and fabricated documents wherein the signature is actually computer-generated. Unlike previous reports on this blog which relate to the signatures of the various people supposedly representing the pretender lenders, these reports relate to the signatures of the homeowner.
Apparently there is technology that produces a false “true and correct copy” of any signature. According to the reports I am receiving, this technology is currently in widespread use by pretender lenders. The reasons for the use of forged signatures through computers may relate back to the original studies from three years ago where it was found that at least 40% of the notes were destroyed or lost. Somehow that issue has diminished over the last three years, but that doesn’t mean that it isn’t still true. (Another reason to follow our rule here “assume nothing, question everything.”)
There is a growing body of evidence that the pretender lenders and their attorneys are involved in a common practice of creating documents and forging the signatures. The witnesses produced afterwards are carefully coached on what to say. One specific case was pointed out by a reader in which the “witness” testified that they “would sign” and not that they “did sign.”
Additionally, I have a report that alleges that virtually all the names on foreclosure documents are false identities. In fact, this source alleges that several names in the mortgage electronic registration system are people who do not exist. The source was referring to the top management. I would also wonder whether the people who signed on behalf of MERS were false identities––in other words people who did not exist.
I have often said on these pages that MERS does not touch any of the documents or the money. I would maintain that that continues to be true, but there is an allegation from someone who has access to detailed information regarding the technology platforms in use that the actual fabrication of documents is managed by a common entity and electronically created off of a common technology platform. This has minimized but not eliminated cases in which the same homeowner and the same property is subject to multiple foreclosures from multiple sources.
The forgery of signatures through electronic devices is only a temporary stopgap until ERDS comes into widespread use, at which time a “digital signature,” will be all that is required. The problem here is that lawmakers have no idea what is involved in digital signatures and the many opportunities for moral hazard. Or, the other possibility is that they don’t care.
In any event it is worth repeating that the MERS technology platform is only a technology platform and does not involve people interacting with people. It involves people all over the country logging on to the MERS system and interacting with a computer. This interaction consists of both (A.) changing data at will and (B.) producing self-serving documents which purport to give any person designated in the computer session the right to sign on behalf of MERS or even other entities.
It is undoubtedly difficult to believe that the major financial institutions of this country are involved in the continuing fraud to literally steal the homes and property of tens of millions of our citizens. Yet that is the substance of the continuing flow of reports which I am receiving. What is particularly disturbing is that in no case have I seen any information that would contradict these reports in or out of court. Instead, it seems to be the common pattern of defense to finesse the issues of actual proof which would ordinarily be required in any foreclosure, particularly in a foreclosure that is disputed.
Filed under: CORRUPTION, evidence, expert witness, foreclosure, foreclosure mill, GTC | Honor, HERS, investment banking, Investor, Mortgage, Servicer, trustee Tagged: ERDS, false documents, false identities, First Data, MERS
