Robo-signing is the automatic signing of documents, without reading them.
What does that have to do with bankruptcy? I’m glad you asked me that.
Robo-signing was one of many shortcuts used by the big banks that caused the real estate bubble, the explosion of which is still causing bankruptcy filings, both Chapter 7 and Chapter 13 bankruptcy, in Detroit, Michigan and around the USA.
One of the crooks was convicted recently, in Michigan. Lorraine Brown was the president of DocX, a company based on robo-signing. She
established and orchestrated a widespread scheme of ‘,’ a practice in which employees were directed to fraudulently sign another authorized person’s name on mortgage documents in order to execute these documents as quickly as possible,” Schuette’s office said in a release.
(from WOOD-TV site)