Whistleblower: Forged mass notary signatures revealed in foreclosure mill deposition.

[dixiegrrrrl]

Cross posted from GD

I felt this was too important to get buried, and that some forum members might want to see it.
**************************************************************************************************

THAT's why the bill about notary signatures was rushed to the Presidents desk.

One of the clerks at the foreclosure mill of David Stern has testified that staff had bunches of notary stamps,
NO ONE was a notary, no signatures were notarized and foreclosure papers were created AFTER the fact.

Hell of a read.

http://4closurefraud.org/2010/10/07/exclusive-bombshell... /

Added:

Also in the depositon:

Process servers collected fees for foreclosure notices they did not did not serve;
Off shore workers in Guam and Phillipines were preparing some of the foreclosure paperwork;
military member's names were used for other people's names on the foreclosures
( major crime, that)


God, goes on and on...

sickening and enlightening at the same time.
MASSIVE fraud.

[JuniperLea]

1. Wow...

There's a lot of information in that! Amazing... how many had to avert their gaze to allow that kind of fraud to take hold!

[flvegan]

2. That's a very damning testimony. Wow.

It doesn't surprise me, as this isn't the only mill here in Florida that does much of the same thing...though I won't name names.

Recommended reading.

[dixiegrrrrl]

6. I wish you WOULD name names, to the people investigating.

I am on p. 75 of the 108 page deposition, and the person testifying is basically using "we were only following orders"
defense, which is nauseating.
So how many law firms across the country ( and apparently OUT of the country ) were involved in how many foreclosure mills, and how many people lost their homes thru an illegal process, I wonder. I HAS to be in the millions, since the Big 5 banks "own" 6 million mortgages, and so many of them have defaulted since 2003.

I am NOT saying people who default should not be foreclosed on.
I AM saying that the process HAS to be legal.
As it stands now, the courts, the Congress, the banks, all are demonstrating an overweening disregard of common law.
This WILL have consequences, ranging from mere disrespect by some of us, to an excuse for more unlawful acts by others.

As you can tell, I am really mad about this.
Part of the reason is I have no trust that my own mortgage is being handled correctly.

[flvegan]

7. Well, considering some of the top offending law firms are "franchises"

or started out as one, this problem is definitely a coast-to-coast issue.

A big part of the problem with the foreclosure mill(s) is that each lawsuit isn't treated that way. What we envision a law firm doing to process a case and file/follow a lawsuit to the end, is to them, like watching robots building cars at a Ford plant. Unless a case is litigated, not much on-site people work is done.

And this has been going on for over a decade, btw.

[tridim]

3. So now what?

All this stuff is jaw dropping and affects me immediately, but I have yet to read a single article that suggests what the victims are supposed to do. I'm not sure that anyone even knows. The bank certainly doesn't, and even if they did I wouldn't trust them.

I predict ugly. Lots of it.

[Ozymanithrax]

4. Did you know that all these acts are crimes...

One of the clerks at the foreclosure mill of David Stern has testified that staff had bunches of notary stamps,
NO ONE was a notary, no signatures were notarized and foreclosure papers were created AFTER the fact.

Falsifying a signature on a legal document is a crime, a felony.

[WheelWalker]

5. Oh boy, this is going to result

in a few puckered sphincters.

[3waygeek]

8. Good thing President Obama vetoed HR 3808 today...

which would have made notarizations valid across state lines.

[jtuck004]

9. And the ACME Signature Stamping Machine they found didn't help any...

ok, I made that up.

But this is crazy. People just making up their own rules about real estate. Shows you what happens when you let the kids that are
smart in math take over the lab because, after all, with the behavior on Wall Street, and their redemption with our tax dollars, how could these people have been expected to act any differently?

I hope a bunch of these little mugs lose licenses and/or go to jail, but that would be like ignoring the terrorists while arresting burglars.