Wednesday, October 13, 2010

KABOOM!!! BOMBSHELL - Lets see the Banks Get out of This! Also Say Class Action - on Foreclosed Homes - People should get them Back! Lawyer in Fla. has 150 Mortgage depositions - the people who stamped for foreclosures - Didn't Even KNOW the Meaning of a Mortgage! But they Okay'd the Foreclosures!

Robo Signers - Florida Lawyer who has worked with thousands of homeowners to Save their homes from Foreclosure has 150 Depositions from Bank Employees who are the Ones who Stamped the Foreclosure Papers - many Had NO Idea the Meaning of a Mortgage!  

The Lawyer is making the depositions Available to the Feds and Attorney Generals investigating the Foreclosure Fraud.

*** Note****I am Awaiting to hear the Attorney Generals Come out today and jointly declare an investigation!  Once that happens - I EXPECT... ALL FORECLOSURES TO STOP*****  Lets see if I am correct **** end of note****

Portion of Article:

NEW YORK (AP) — In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in “foreclosure expert” jobs with no formal training, a Florida lawyer says.

In depositions released Tuesday, many of those workers testified that they barely knew what a mortgage was. Some couldn’t define the word “affidavit.” Others didn’t know what a complaint was, or even what was meant by personal property. Most troubling, several said they knew they were lying when they signed the foreclosure affidavits and that they agreed with the defense lawyers’ accusations about document fraud.
The mortgage servicers hired people who would never question authority,” said Peter Ticktin, a Deerfield Beach, Fla., lawyer who is defending 3,000 homeowners in foreclosure cases. As part of his work, Ticktin gathered 150 depositions from bank employees who say they signed foreclosure affidavits without reviewing the documents or ever laying eyes on them — earning them the name “robo-signers.”

The deposed employees worked for the mortgage service divisions of banks such as Bank of America and JP Morgan Chase, as well as for mortgage servicers like Litton Loan Servicing, a division of Goldman Sachs.

Ticktin said he would make the testimony available to state and federal agencies that are investigating financial institutions for allegations of possible mortgage fraud. This comes on the eve of an expected announcement Wednesday from 40 state attorneys general that they will launch a collective probe into the mortgage industry.

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