Posted by laurel/nc on 5/16/11 7:22am
Msg #383248
Document mills video
Just received this morning, not sure when it aired.
http://www.realecontv.com/videos/real-estate/banks-gone-wild.html
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Reply by Linda_H/FL on 5/16/11 7:38am
Msg #383249
Re: Document mills video....wow!!! n/m
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Reply by Claudine Osborne on 5/16/11 8:03am
Msg #383250
Re: Document mills video....wow!!!
My friend got her mortgage adjusted after months and months of trying to negotiate a loan mod with her bank. NACA was successful in helping her get that Mod and it saved her home. No fees!
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Reply by MW/VA on 5/16/11 8:27am
Msg #383251
OMG! Thanks for this valuable post. Just think, we have a
duty as notaries to verify identification & prevent fraud. That's kind of joke in this whole scenario, isn't it? LOL
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Reply by Shoshana/AZ on 5/16/11 8:39am
Msg #383252
Why am I not laughing???
Losing one's home is no laughing matter.
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Reply by MW/VA on 5/16/11 8:41am
Msg #383253
I meant that as a sarcastic "LOL", not humor. n/m
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Reply by FlaNotary2 on 5/16/11 10:19am
Msg #383259
Banks don't usually arbitarily take homes if the person has
been diligently making their payments as they have promised.
If a person stops making their mortgage payments - regardless of the reason - the bank has a right to foreclose.
That said, if the bank wants to cheat, lie and steal to get the house back, and commit monetary and notarial fraud, then the bank should be punished to the fullest extent of the law. Big banks should not be exempt from the law, just like the borrowers shouldn't be.
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Reply by C. Rivera Chicago Notary Services on 5/16/11 10:34am
Msg #383262
There have been banks that foreclosed on homeowners
even though they've been paying their mortgages, on time.
Do the research....
Some members have posted links to various news articles and sources....
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Reply by Moneyman/TX on 5/16/11 11:07am
Msg #383268
BofA comes to mind... n/m
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Reply by FlaNotary2 on 5/16/11 11:17am
Msg #383271
These are flukes, though. Banks do not randomly
select houses to foreclose on. Yes, there have been homes wrongfully foreclosed on - but that may represent 1% of all foreclosures.
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Reply by Moneyman/TX on 5/16/11 2:14pm
Msg #383303
But, if it were your home, would you really care that they
represented only "1%" of all foreclosures?
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Reply by Linda_H/FL on 5/16/11 2:44pm
Msg #383313
Yep..not for nothing but BofA has been on record
for foreclosing on homes where there wasn't even a mortgage! The property was owned outright...
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Reply by Ireneky on 5/16/11 8:41am
Msg #383254
Re: WOW a notary really did this ?? what was she thinking n/m
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Reply by MW/VA on 5/16/11 8:43am
Msg #383255
This is a story about robo-signing, whether they were
notaries or not. Given a title of bank Vice President. Fraud, fraud, fraud!
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Reply by MW/VA on 5/16/11 9:21am
Msg #383256
BTW, GA is also an "attorney only" state. n/m
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Reply by Linda_H/FL on 5/16/11 2:45pm
Msg #383314
Re: BTW, GA is also an "attorney only" state.
has nothing to do with the signing of assignments....which is the subject of this video.
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Reply by C. Rivera Chicago Notary Services on 5/16/11 10:39am
Msg #383263
Gotta wonder if the gov't will go after those notaries??
They def should!
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Reply by Notarysigner on 5/16/11 9:42am
Msg #383257
Re: Document mills video WOW
I Have NEVER look at a video offered her that goes over 3 minutes (I considered it being a waste of time) but I want to talk you Laurel very much for posting this. Good job, everyone should see this one for sure!
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Reply by C. Rivera Chicago Notary Services on 5/16/11 10:27am
Msg #383261
HOLY COW! THANK YOU FOR POSTING! n/m
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Reply by jnew on 5/16/11 11:42am
Msg #383278
Is CBS 60 minutes saying that the real reason the country has so many foreclosures is that the documentation was screwed up? The reason people get foreclosed is "You pay you stay, you don't you won't. JMHO
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Reply by JanetK_CA on 5/19/11 4:36am
Msg #383643
It's waaaay more complicated than that. n/m
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