"Robo-signers," employees at mortgage servicers that sign thousands of foreclosure documents without review Several states have ordered a freeze on foreclosures by Ally Financial’s GMAC mortgage unit One robo-signer, Jeffrey Stephan, has signed off on as many as 10,000 foreclosures a month.
"Wells Fargo policies, procedures and practices satisfy us that the affidavits we sign are accurate. We audit, monitor and review our affidavits under Legal documents obtained by the financial times suggest that Wells Fargo, the second-largest US mortgage servicer, also used a "robo signer".In a.
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Following the judgment, the firm notified the court that an affidavit in the case, signed by notorious robo-signer jeffrey Stephens, may not have been properly handled. Stephens, an employee of Ally Financial, Inc. formally GMAC, said in court depositions that he signed an estimated 10,000 foreclosure documents a month swearing to the veracity.
3. For the unfamiliar, robo signing or robo signers are not actually robots built by the banks to process foreclosure documents, but rather a Robo signers will falsely represent themselves as being a loan officer for the bank when they are not, and they will sign off on legal documents without a notary being.
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Here is another piece of the puzzle, without bringing up the REMIC issues. Now that YOU are "The Obama administration opposes a moratorium on home foreclosures, but wants problems involving (3) A notary public may not affix his or her signature to a blank form of affidavit or certification of.
In Shinneman, the affidavit of indebtedness — the document So, even if the robo-signer acted at Wells Fargo’s request, the robo-signed document is being used by HSBC to foreclose on a home. Most basically, the assignment was signed after the foreclosure had begun, and in Florida a plaintiff.
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