The Obamanation

[Lamplighter]

The Obama Administration has finalized the agreement with banks and
State's Attorneys General with regards to forgeries of documents relating to foreclosures.
It won't offer much ($1-2K) to families who were already forced into foreclosure,
but it may help those who are facing foreclosure or reductions in interest rates for others.

Importantly, the States Attorneys General have retained their rights
to investigate criminal activities, e.g., forgeries of documents.
One visible action has occurred...


The JD Journal
2/9/12

Missouri Jury Indicts First High-level Executive in Robo-Signing Case

A grand jury in Missouri has indicted on criminal charges
Georgia-based firm DocX and its founder and former president Lorraine O. Brown on forgery charges.
This is the first high-level prosecution and indictment in a robo-signing case.
DocX is a subsidiary of mortgage processor Lender Processing Services.
The Missouri jury has indicted DocX employees with forging signatures
on hundreds of real estate documents, some of which resulted in foreclosures.

This is the first time that a senior level executive could end up in jail over robo-signing
– a practice where the lender signs the documents, including foreclosure documents,
without bothering to read them or having a notary present.<snip>

Homeowners in Missouri may also benefit from this indictment.
For the homeowners whose documents are found to be robo-signed,
the relevant documents will be considered void.

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