Banks Lose Foreclosure Case Over Bad Docs, More Could Come

Banks Lose Foreclosure Case Over Bad Docs, More Could Come

In a potential foreshadowing of things to come, Massachusetts’s Supreme Court upheld the voiding of two home seizures this week because the banks couldn’t prove they owned the mortgages at the time they foreclosed. [More]

Robo-Signer Confession: 'I Don't Know The Ins & Outs Of The Loan, I Just Sign Documents'

Robo-Signer Confession: 'I Don't Know The Ins & Outs Of The Loan, I Just Sign Documents'

In spite of their nickname, “robo-signers” — those hired to process the mountain of foreclosure documents during the recent recession — are flesh and blood human beings. And like many human beings, they also know very little about mortgages and foreclosures. [More]