The robo signer epidemic

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Banks have used robo signers to increase the amount of mortgage fraud they can get away with

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The robo signer epidemic

  1. 1. The Robo Signer Epidemic Visit us at http://www.tila-now.com
  2. 2. We have heard a lot about mortgage fraud being committed by huge lenders such as Bank of America, Wells Fargo, GMAC and JP Morgan Chase at an institutional level. Because of their greed and unethical, illegal behavior, millions of Americans have been foreclosed upon, and in many cases those foreclosures were illegal foreclosures due to the use of what is known as “ Robo signing , .” Visit us at http://www.tila-now.com
  3. 3. For the unfamiliar, robo signing or robo signers are not actually robots built by the banks to process foreclosure documents, but rather a technique that predatory lenders such as GMAC and Bank of America have widely deployed in order to push foreclosure documents through faster. Robo signers will falsely represent themselves as being a loan officer for the bank when they are not, and they will sign off on legal documents without a notary being present and without any examination of the legal documents. Visit us at http://www.tila-now.com
  4. 4. In many cases, they are also forging the signature of other people – even homeowners! This technique, sadly, is not new but it has become incredibly widespread as banks struggled to process large amounts of foreclosures they were dealing with. Just to give you an idea of how widespread the problem of robo signing has been, one GMAC employee who admitted to being a robo signer confessed that he had signed off on documents for over 10,000 foreclosures a month without even looking at them. Visit us at http://www.tila-now.com
  5. 5. With that many being processed by simply one person, the amount of illegal foreclosures that went through using this technique is staggering. The best way to determine if you have been the victim of a robo signer, and if you are facing the illegal foreclosure of your home is by having a securitization audit performed on your home loan documents you can learn if you were a victim of this practice and then take legal action against the bank. Visit us at http://www.tila-now.com
  6. 6. Once they are threatened with legal action, many banks will stop foreclosure proceedings in order to review their procedures. This is much more preferable to a bank than to be sued especially if you have evidence from a securitization audit to back up your claims. A securitization audit will be able to determine if your home loan was properly securitized, who actually possesses the title (in many of these illegal foreclosure cases the lenders that are trying to foreclose actually have no legal right to foreclose on a home), and if any of these illegal robo signing techniques have been used on your home loan documents. Visit us at http://www.tila-now.com
  7. 7. This is why if you need foreclosure help, you should not hesitate to contact Tila Solutions to give you the foreclosure help you need. For over a decade, Tila Solutions has been looking out for the homeowner with their forensic loan audits and securitization audits. If you need help stopping foreclosure, a Tila Solutions Consultant is available by telephone at (702) 508-0335. Or you can visit the Tila Solutions website at illegal foreclosure . Visit us at http://www.tila-now.com

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