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Foreclosure "experts" at banks - hair stylists & Walmart employees!

One-eyed Wonder Worm
User ID: 1176321
United States
11/28/2010 01:48 PM
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Foreclosure "experts" at banks - hair stylists & Walmart employees!
This is just surreal: the Associated Press has put together a must read profile of all the people who the mortgage servicing industry has been scrambling to get together since 2007. The outcome, and stereotypes, are stunning: "In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in "foreclosure expert" jobs with no formal training, a Florida lawyer says." And it gets even scarier - these "experts" pretty much all confirm they participated in fraud, either willingly or unwillingly: "In depositions released Tuesday, many of those workers testified that they barely knew what a mortgage was. Some couldn't define the word "affidavit." Others didn't know what a complaint was, or even what was meant by personal property. Most troubling, several said they knew they were lying when they signed the foreclosure affidavits and that they agreed with the defense lawyers' accusations about document fraud."

I love banks! They're so "fuck you, we'll do what we want. Sue us." The depth & scope of their greed & corruption is awe-inspiring..