Posted on October - 02 - 2010
‘Robo Signers’ pushed through many foreclosures in PA
No real look at foreclosures in PA is complete without mentioning the robo signers that some of the bigger lenders have used to sign off on the accuracy of everything from New Jersey foreclosures to a foreclosure in South Fort Myers and everything in between. The practice has raised a few eyebrows and even stalled the processing of some foreclosures in PA and other parts of the United States.
The point of contention is that these robo signers are not Wall Street professionals who understand the intricacies of New Jersey foreclosures and a foreclosure in South Fort Myers. These are, by some accounts, “affidavit slaves” who have small incomes and tremendous large workloads. The work of these people is leading some lawyers to claim on behalf of their clients that certain foreclosures should be thrown out and the whole issue has upset the apple cart at least temporarily.
Of course whatever the decision there, our work at ForeclosureDataBank.com is never in question. Here you’ll be able to start saving between 20% and 40% below market value on foreclosure homes in Pennsylvania or even on that foreclosure in South Fort Myers that you‘ve had your eye on.
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