Real Estate & Property Law
‘Robo-Signing’ of Mortgage Docs ‘Still an Epidemic’
Posted Jul 18, 2011 6:30 PM CDT
By Martha Neil
Despite investigations and corrective measures taken by the nation's biggest banks over so-called robo-signing of mortgage documents, the practice continues and appears to be widespread, reports the Associated Press in a lengthy article that names some names.
While those involved in foreclosures may have cleaned up their act, thousands of other mortgage documents that don't concern foreclosures are still being signed in a dubious manner, the article says. For example, the signature of "Linda Green" was signed more than 20 different ways.
The articles says differing signatures for the same purported signer on thousands of documents submitted on behalf of major banks to county property record offices in at least three states suggest the practice is still commonplace.
"Robo-signing is not even close to over," recorder of deeds Curtis Hertel of Ingham County, Mich., tells the news agency. "It's still an epidemic."