DailyFinance | Foreclosure Document Fraud Drives Notaries to Take the Fifth

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DailyFinance | Foreclosure Document Fraud Drives Notaries to Take the Fifth

DailyFinance | Foreclosure Document Fraud Drives Notaries to Take the Fifth

Posted 4:47 PM 01/26/11

Among the many legal problems now being discovered with the foreclosure documents that banks have been using are false notarizations. The most typical variety of this problem occurs when a notary certifies that the person whose signature appears on a document really did sign it, even though the notary didn’t witness the signing.

While such false notarizing is criminal, I’ve not yet heard of any notaries being charged. However, in Maryland, Steve Lash of The Daily Record reports that 18 current and former notaries have invoked their Fifth Amendment right against self-incrimination in a foreclosure case.

The notaries were brought before the court in proceedings involving a lawyer who didn’t actually sign numerous foreclosure documents that were nonetheless notarized saying he did. The judge excused the notaries from the proceedings after they took the Fifth, and apparently, they aren’t facing prosecution.

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