In the last few years, huge robo-signing scandals have been unearthed, causing thousands of foreclosures to be halted and investigations to be launched where investigators scrutinized foreclosure documents.
To be more specific, robo-signing refers to when a robo-signer signs a foreclosure affidavit without having personal knowledge. Robo-signing has a negative connotation and it is frowned upon in the mortgage industry.
Mortgage lenders and loan servicers have been caught read handed forging fake signatures on mortgage loan documents and foreclosure documents in order to illegally foreclose on innocent homeowners. Does your mortgage loan or foreclosure documents contain signatures of any known Robo Signers?
If you spot a known (or unknown) robo-signer on your mortgage, loan, or foreclosure documents we recommend you take immediate action and fight to get the legal remedy that the law entitles you to, and that you deserve, right now! Cullaro, Erin (appointment to Assistant State Attorney General – Ma…)
Robo-signing is a process where an employee of a mortgage servicing company signs foreclosure documents without actually reviewing them.
As a result of these scandals, thousands of foreclosures across the nation had to be halted because the robo-singers who signed the paperwork hadn’t actually reviewed it.
Another issue is that of ghost signing. Ghost signing is basically the same as forging someone else’s signature, as if they were that same person. This is another invalid method of fraudulently signing foreclosure documents.