Daily Archives: May 23, 2013

Bankruptcy and Robo-Signing?

115953100

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 ‘robo-signing,’ 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)

Continue Reading

One Response to Bankruptcy and Robo-Signing?

  1. Great article! This is the type of info that are meant to be
    shared across the web. Disgrace on Google for not positioning this
    publish upper! Come on over and seek advice from my website .

    Thanks =)