Bankruptcy Attorney on robo-signing fraud and mortgage mod litigation
Edward Harrison | October 15, 2010 3:15 pm |
This bankruptcy attorney in the video below says he has been fighting the robo-signing issue since 2007. He also shows how the signature of certain robo-signers is "comically" different from one document to the next, indicating fraud. (Hat tip Glen).
The interesting bit for me comes at about the 3:15 mark when he is asked whether he was able to keep home owners in their homes as a result of uncovering the fraud. This is the question everyone is grappling with: are we just delaying the inevitable? Are these homeowners squatters – deadbeats, if you will?
Mr. Shaev says he has been able to get banks to modify loans as a result of this (expensive) process and the home owners did stay in their homes. My conclusion is that if homeowners had the financial wherewithal to get counsel from people like Shaev, they would more often be able to stay in their homes via a mortgage modification. Take a look at the video. I have some more comments below.
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