This is what some of the nation’s largest banks said to their newly hired “foreclosure experts”: Hurry up and sign those legal papers and don’t even bother to look at them. Sign them as fast as possible and don’t ever stop signing. Just sign sign and sign some more.
That was the mandate handed down by many of the major banks when they started hiring hair stylists, floor workers, assembly line workers, and others with no formal training in real estate or mortgages and labeled them “foreclosure experts.” Their job? To sign as many “papers” as possible, and in the fastest amount of time, in an effort to speed through foreclosures. These new found “foreclosure experts” were asked to complete their job in times faster than world class sprinter Usain Bolt takes to break world records.
This practice has become known as “robo signing” and has called into doubt thousands of foreclosures nationwide, including right here in South Florida.
Struggling homeowners should contact our office to meet with one of our Miami foreclosure defense attorneys today. As the revelations of improper “robo signing” continues to increase, those who are in danger of losing their home to a foreclosure should examine the situation, with the aid of one of our attorneys, in greater detail. The problems the banks are presently experiencing as a result of the “robo signing” allegations arise in large part as a result of foreclosure defense attorneys bringing to light the systematic fraud routinely committed by the banks, their employees, and their law firms.
In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in “foreclosure expert” jobs with no formal training.
The current “robo signing” crises is likely to prolong the housing depression for at least another few years. The allegations are opening the entire chain of foreclosure proceedings to legal challenge. Some foreclosures could be overturned. Others could be deemed illegal. All the more reason to consult with a foreclosure defense attorney today to assess your legal rights.
Though some have chalked up the foreclosure debacle to an overblown case of paperwork bungling, the underlying legal issues are far more serious. Yes, swearing that you’ve reviewed documents you’ve never seen is a legal offense, and one that should not be taken lightly. But at the center of the foreclosure scandal looms something much larger: the question of who actually owns the loans and who has the right to foreclose upon them. The paperwork issues being raised as a result of the “robo signers” has the potential to blight not just the titles of foreclosed properties but also those belonging to homeowners who have never missed a mortgage payment.
Consider Your Options. Contact Us Today.
We have been successful in defending many foreclosure cases when given an opportunity to develop a plan to properly defend the foreclosure.
Call us toll free at 1-866-518-2913 or at 305-263-7700.