How Many VA Foreclosures...are Frauds?

[Derechos]

April 25, 2011

RICHMOND, Va. - The tale of bogus Virginia bank documents used to kick people out of their homes after foreclosure reads like a mystery novel, with a very unhappy ending. The document in question in Virginia is called an Appointment of Substitute Trustee.

Tom Domonoske with the Virginia-based Legal Aid Justice Center says documents are surfacing that have clearly been "robo-signed" at a document mill that churned out thousands of bogus signatures. These helped "foreclosure mill" attorneys process the paper in assembly-line fashion, without asking a lot of questions.

"It means that their home was never foreclosed on, and the person who bought at the foreclosure auction didn't actually buy anything."

A video investigation of the document fraud by "60 Minutes" is at http://www.youtube.com/watch?v=00b9Awyf5bQ&feature=email.


http://www.publicnewsservice.org/index.php?/content/article/19657-1