Skip to content

Foreclosure and Falsified Documents

The average homeowner probably doesn’t pay much attention to the “robo-signing” scandal, unless they find themselves in foreclosure.

Reuters had a very informative interview with bankruptcy attorney Linda Tirelli, who discusses what happens in foreclosure and what you should do if you suspect that your mortgage documents might have been falsified.

It has been the hope of some that if they discover that they’ve been “robo-signed”, a judge will cancel their note and give them the house.  This is unlikely.  However, when documents have been shown to be falsified, it has resulted in sanctions against lenders and loan modifications.  If you find yourself in foreclosure, it is worthwhile to know what’s in your paperwork.

The embed is disabled on the video, but it can be found here.

 

 

Published inBlog PostsFraudU.S. Markets

3 Comments

  1. unfortunately, there is going to come a point where the judge will have to overlook these paperwork fraud because they are so many of them. It’s fraud but it will be consider a paper work mistake and swept under the rug. Of course, bad paperwork does not mean a free house.

  2. Matt Matt

    If the banks had any sense, they would give loan mods to get a new correctly filed paper work trail on every house loan in the inventory. Judges have been made fools by the banks, defacto enabling robo signing because Judges did not check loan or note assignments. Lawyer 101 stuff. The banks made this mess and now want everyone but themselves to follow the rules. Most bankers have sold the same loan to into many bonds and trusts. Thats why the loans were not assigned and cannot be traced to a single owner. If they were, anyone could see the fraud.

  3. Thanks to share it here, many people not even concerned about this, and that’s a main reason they got cheated by the time.

    Needs to take care of it!

Comments are closed.