The Media is Learning….
Oh, ’tis just a “small paperwork” problem, right?
What if you hired, oh, floor sweepers to sign foreclosure documents?
NEW YORK (AP) — In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in “foreclosure expert” jobs with no formal training, a Florida lawyer says.
Ain’t that special? We now have depositions where people clearly state that they don’t know what an affidavit is, they can’t define a “complaint”, they don’t even know what personal property might be.
And it gets better…. AP is now talking about the real issue underlying all this crap….
But at the center of the foreclosure scandal looms something much larger: the question of who actually owns the loans and who has the right to foreclose upon them.
They forgot one thing:
Whether that right exists all any more, vested in anyone, as a direct and proximate result of the willful actions of the banks – the very institutions that underwrote and then secutitized all these fraudulent loans.