4 ms·
Care to elaborate? I love online / e-signing, so would like to know what you're talking about and how it is differentiated...?
by adanto6840 10y ago
Care to elaborate? I love online / e-signing, so would like to know what you're talking about and how it is differentiated...?
- amock 10y agoI think https://en.wikipedia.org/wiki/2010_United_States_foreclosure_crisis#Robo-signing_controversy https://en.wikipedia.org/wiki/2010_United_States_foreclosure... is what he's talking about.
- pjc50 10y agoNot e-signing, but the mass signing of defective mortgage title documentation. Due to re-sale and tranching of mortgages it was not always clear who had the authority to evict homeowners. So the documentation was simply made up, "robo-signed" by applying a notary's signature who had never seen the document and had no idea of its veracity. And tens of thousands of people were evicted based on essentially forged documents. Nobody seems to care about this; after all, they usually (but not always!) were genuinely behind on payments. And there seems to be strong moral pressure to punish borrowers rather than lenders in the debt crisis. Without stopping to establish the facts of individual cases.