Sen. Franken, please allow this site to make it very simple for you and address your concerns of the very problematic ‘robo-signing’ issues that you find troubling. There is an address in your neck of the woods that you should be made aware of (link)… Then stop over to learn all about this default servicing ‘robo-signing’ company here LPS (link). In a most recent case coming from New Jersey names Laura Hescott an employee of LPS (link) the person who executed the assignment of mortgage. The Judge states the following “The bona fides of the practices of this service provider have been the subject of increased judicial scrutiny. See, e.g., In re Taylor, 407 B.R. 618, 623 (Bankr. E.D. Pa. 2009).”(link).
Franken urges reform on foreclosure ‘robo-signing’
Sen. Al Franken participated in a U.S. Senate hearing on Tuesday regarding the foreclosure process and ways that the federal government could help Americans keep their homes while also preventing investors from losing their investments. Franken said that one of the biggest problems fueling the foreclosure crisis is “robo-signing,” a tactic used by lenders to speed up the foreclosure process.
“Many problems have come to light since the beginning of the foreclosure crisis,” Franken told the Senate Judiciary Committee. “Most recently, we have seen mortgage servicers fraudulently signing affidavits to execute foreclosures, when they have zero personal knowledge of the individual borrower’s situation. This problem, known as robo-signing, is particularly troubling to me.”