Hair Stylists, Teens, and Walmart Workers Were Robo-Signers

[kentuck]

..on many of the bank foreclosures. Wha !!
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NEW YORK (AP, Michelle Conlin) -- 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."

......more

http://www.huffingtonpost.com/2010/10/13/meet-banks-robosigners-fo_n_761698.html

[tridim]

1. I'm guessing we'll find out about the outsourced robo-signing in the next few days.

I'm watching the fuse burn shorter every day. Average people aren't going to take this crap much longer.

[MineralMan]

2. Hello. I am Martin, and I am to be helping you today with your

foreclosure signings. I am being a very good signer of such foreclosures, and will help you very well.

[kentuck]

3. Yes, I used to be a supervisor in the Toy Dept at Walmart but...

...I was offered this job as a foreclosure officer at the bank and I just jumped at the opportunity...

[glinda]

4. No kidding! Crap! If true the lid might blow!

[LiberalAndProud]

5. Sick making.

Business Ethics used to be a course requirement for an MBA. Has that changed, or are they teaching something entirely unrelated?

My stomach is lurching. The role of banks today: robbing and pillaging taxpayers and homeowners.

[ellie]

6. What the hell?