Borrowers, Beware: The Robo-signers Aren’t Finished Yet

Categorized | STOP FORECLOSURE FRAUD

Borrowers, Beware: The Robo-signers Aren’t Finished Yet

Borrowers, Beware: The Robo-signers Aren’t Finished Yet

Wait ’til it comes out that many of these foreclosures were unnecessary because Fannie Mae staff declined to compel its servicers to comply with the federally-mandated servicer guidelines. Servicers prefer to foreclose rather than to provide troubled borrowers with the dignified exit that President Obama wants for us. Fannie Mae is letting them get away with this cruel abuse. Who will stop them?


NYT-

Remember the robo-signers, those mortgage loan automatons who authenticated thousands of foreclosure documents over the years without verifying the information they were swearing to?

Well, they’re back, in a manner of speaking, at least in Florida. Their dubious documents are being used to hound former borrowers years after their homes went into foreclosure.

Robo-signer redux, as it might be called, has come about because of an aggressive pursuit of former borrowers by debt collectors hired by Fannie Mae, the mortgage finance giant. What Fannie is trying to recoup from these borrowers is the difference between what the borrowers owed on the mortgages when they were foreclosed and the amount Fannie received when it resold the properties.

[NEW YORK TIMES]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8506 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

One Response to “Borrowers, Beware: The Robo-signers Aren’t Finished Yet”

  1. Charles Reed says:

    Another case where these financial reporters are telling part of a story late. Robo in the first phase has not been dealt with, as the know forgeries that DocX created to illegally foreclose on properties have not had the properties or restitution to the homeowner victims!

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives