A simplified way to understand how the current foreclosure fraud crisis got started. It all became unwound when a foreclosure mill “robo signer” admitted in a deposition to signing more than 10,000 affidavits in one day, little lies on slips of paper that got people thrown out of their houses.
(graph based on Foreclosure Fraud For Dummies, 1: The Chains and the Stakes [rortybomb])
Bank Of America Puts Nationwide Freeze On Foreclosure Sales
JPMorgan Chase Suspends 56,000 Foreclosures
Foreclosure Firm Allegedly Forged Bank Execs’ Signatures On Affidavits
GMAC Halts Evictions In 23 States