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Indeed, even though much of the coverage of the foreclosure mess, including my own, has focused on the robo-signing and the related frauds on the court, it’s important to realize these are just symptoms of the massive destruction of the real property system caused by the mega-securitization of mortgages.
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Homeowners across the US were affected by foreclosure fraud in recent years. This foreclosure fraud may have involved faulty documents and/or procedures, which resulted in homeowners wrongfully.
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Beyond Robo-Signing: mortgage foreclosure defense basics Recent revelations concerning unreliable mortgage-processing methods nationwide have cast a negative light on industry practices but also opened the door to new defenses for homeowners and their lawyers involved in foreclosure actions.