Robo signers on mortgages

Robo-signing is one of the worst crisis that ever hit the foreclosure crisis.  The mortgage servicing industry was slammed by courts for using false affidavits in numerous foreclosure documents. Following the scandal, many banks had to freeze the pending foreclosures. Currently robo-signing occurs much lesser than before but, if you notice any robo-signer in your loan, foreclosure or mortgage documents, it is important to take immediate action.

Robo-signing is the rapid signing of foreclosure affidavits without sufficiently verifying the validity of what the affidavits states. Mortgage services or lenders who are linked to robo-signing always do this to speed the foreclosure process. Robo-signing of mortgages documents cover up the fact that the lenders cannot provide the facts needed to conduct a legal foreclosure. This is more than you may think.

In 2010, different cases stemmed up of large banks using their employees to sign mortgage affidavits without reviewing them and had no basis of believing that the homeowners were in default or that that the lender owned the loan. Robo-signing affects both judicial and non-judicial foreclosures.

It is a federal crime to sign someone’s name to a legal document, additionally it is a crime to sign your name to an affidavit if you have not verified the information you are swearing to.

Currently robo-signing occur lesser than before but your case may be different. Consequently, your mortgage foreclosure documents could be faulty in one way of another. If you believe that your lender robo-signed your documents or there are some other faulty things with your documents, consider talking to an attorney about the case.