Are you caught in mortgage fraud by the banks, when the banks have been creating fraudulent mortgage documents?
In a recent CBS 60 Minutes show The next housing shock on April 3, 2011, Scott Pelley interviewed several people about foreclosures and what the banks have been doing.
Scott begins by citing statistics to show how bad things have gotten, since home values have fallen for the 6th consecutive month. Then Scott makes the statement that the banks can’t find the ownership documents when they go to foreclose. So the banks can’t evict people living there.
The Banks Create Phony Paperwork
In this interview, the interesting story is how this mortgage fraud was exposed when Lynn Szymoniak, a fraud investigator attorney with a specialty in forged documents who had trained FBI agents, was in foreclosure.
In Lynn’s story, the bank lost the assignment of mortgage document when they attempted to foreclose. Then a year later the bank said that they had miraculously found all the paperwork.
The Lost Shall Be Found
Lynn thought that something was wrong and began investigating her case. That’s when she found that the banks had essentially eliminated the step of transferring and recording her mortgage documents by using MERS, the Mortgage Electronic Registration System.
Lynn tells how the critical assignment of mortgage document had a date that was several months after the bank had sued her for foreclosure. The bank sued her in July of 2008 and acquired the mortgage assignment document in October 2008. Does that make sense?
Lynn Szymoniak Found Strange Signatures In Other Mortgage Documents
It appears that Linda Green signed as a bank vice president for as many as 20 different banks all within the same week. Boy, she was a very busy woman, holding down that many jobs at once. And guess who Linda Green really was? She was a shipping clerk for an auto parts company, and never a bank vice president of any bank. Hmm something seems really fishy here. A company called Docx in Georgia had hired her to do the signing. It was a sweat shop to create forged mortgage documents.
Notarized Mortgage Documents Without Meeting The Document Signer
These people at Docx also signed as notaries and notarized documents without even seeing the person who was supposed to have signed the mortgage documents. That’s a pretty good trick, verification in absentia.
Find out who’s involved in this gigantic mortgage fraud in the next Mortgage Debt Reset post.
In the meantime you can view the video of the Scott Pelley CBS 60 Minutes The next housing shock and see for yourself what Lynn Szymoniak said about her foreclosure case.
And, if you’re concerned about your mortgage loan or are facing foreclosure see what our Mortgage Debt Reset Program can do for you to keep you in your home and get you lower monthly payments.
Just follow the Find Out More About Our Mortgage Debt Reset Program link and sign up to receive our free no obligation information package and decide for yourself.
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