General Discussion
In reply to the discussion: Unsealed court-settlement documents reveal banks stole $trillions' worth of houses [View all]ms.smiler
(551 posts)forgery has always been illegal. Robosigners forge signatures on documents at rates of perhaps hundreds per hour. What is less well known is that robosigning was not just involved in foreclosures. The very same robosigners signed Satisfactions of Mortgages when homeowners refinanced or paid off their loans. Such documents are not valid and cloud the property Title.
Unfortunately, the robosigning scandal and the fine paid has done nothing to discourage or limit acts of forgery and they continue to this day. Affidavits are also robosigned and presented in foreclosure lawsuits. Robosigning also involves Notary fraud.
Robosigned documents filed in the land records is recording fraud and robosigned documents presented in lawsuits is fraud upon the court.
All this fraud is committed because mortgage securitization actually converts secured debt into unsecured debt and the banksters are using forged documents to create the illusion of debt that is once again secured by property.