Who's signing the foreclosure documents?
The "robo-signers" we all keep hearing about were so dubbed because they signed thousands of foreclosure documents a month for mortgage servicers -- too many to personally verify the information included, as affidavits require.
Here's something different: Attorneys at two Maryland law firms handling foreclosures have acknowledged in court filings that they didn't actually sign their own affidavits, also a requirement. Others signed the attorneys' names for them.
So that's why I've neglected you all the past couple days. Sorry! Been a bit busy.
The reader reaction runs the gamut.
"Big deal. So one faceless employee signed for another faceless employee. The fact remains that the homeowner defaulted. Let's move this along and clear up this mess quickly," one reader wrote in the story comments.
Another commented that "failing to do due diligence is what got everyone into this mess. So yet again, no lessons learned by the banks or mortgage companies. I heard someone say this morning (and I agree) that since we bothered to bail out some of these institutions, the absolute least they could do in return is ensure they're *doing their work*."