Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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My guess is that Robo-signers were deliberately kept in the dark about what they were signing, because the docs they were/are signing were/are fraudulent and the banks want to hustle up the foreclosures to get the money before investors know their collateral has been sold out from underneath them.

Once the banks have their money, they can tie it up in courts indefinitely.
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Stephen wrote:
My guess is that Robo-signers were deliberately kept in the dark about what they were signing, because the docs they were/are signing were/are fraudulent and the banks want to hustle up the foreclosures to get the money before investors know their collateral has been sold out from underneath them.

Once the banks have their money, they can tie it up in courts indefinitely.


Robots or not, there were also notaries involved.

It's going to get really, really ugly.
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I don't believe for one minute that these robo signers were in the dark.  They just didn't care after all they were getting a paycheck.  What a nice easy job for a lazy person.  Just sign your name all day and then play stupid.

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