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HSBC Loses Foreclosure Case Due to Robo Signing


The Supreme Court Justice Arthur Schack threw out the HSBC vs. Bedford-Stuyvesant case due to a "frivolous motion" and a "waste of judicial resources."  HSBC could not give sufficient evidence that they owned the mortgage. The documents that were submitted on behalf of HSBC were "robo-signed" docs.  The judge has ordered the CEO Irene Dorner of HSBC to come forward, and explain why fraudulent documents were provided. He also wants the CEO to explain why she should not be penalized for this behavior. The decision to throw the case out was determined on July 1st, and Irene Doner has to appear in front of the judge on July 15th.