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ROBO Signing Still Exists


Many major banks are still actively engaging in "Robo-Signing." There were multiple documents that were examined by "America Bankers". It was determined that existing bank employees are still forging signatures "which claim to represent lenders that no longer exist." This illegal action occurred as recently as August, 2011. The reason the employees were forging the documents was so the banks can proceed with the foreclosure process. The major banks that were participating in the "Robo-Signing”"scandal were "Bank of America Corp., Wells Fargo & Co., Ally Financial Inc., and OneWest Financial Inc."