Robo Signing is still going on for documents that should have been signed years ago by some of the biggest names in the industry such as Bank of America, Wells Fargo and Ally Financial. These large financial institutions are having their staff sign documents backdating paperwork that is being used to foreclose on homes. According to American Banker.com, these institutions are having current employees sign documents for companies that no longer exist.
This is how many homeowners across the country who learned of this tactic being used by banks were able to demand for the banks to “Produce The Note” that would prove that these homeowners had a debt. Since they were not able to “Produce The Note”, homeowners were able to avoid being foreclosed on and having to move from their homes.
Funny, as I read the article, most if not all of the signatures used to sign these documents were signed by female assistants. Hmmm. I’m just saying.