Robots Work For Bank Of America

We’ll it’s been a while since I have written a blog, especially about Real Estate. But too much has happened since I’ve been gone so I figure it’s a good time to make a come back. Now the typical news that we have been getting about the Real Estate market is the increasing number of foreclosures that sill are effecting the industry. This isn’t really big news since we have been dealing with this problem for the past few years. But what is big is that some of the large banks, Bank of America, JP Morgan Chase, GMAC, and several others are caught in a foreclosure debacle that is prompting the attorney generals of all 50 states to investigate the matter. The banks are being accused of rushing through foreclosures by hiring what is being labeled as robo signers. People who have very little to no knowledge of the foreclosure process yet sign off on documents without even reading or understanding what they are signing. According to Yahoo Finance, many of these robo signers were Walmart floor greeters and assembly line workers who were not even able to define what a lien was according to one deposition. Yet they signed documents that lead to the foreclosure of thousands of homes. Many of the loans that these signers signed off on may not even have been owned by the bank conducting the foreclosure! This will surely create more of a mess of a already difficult market. I was able to get in touch with one of the these robo signers. She’s in in the youtube video above singing karaoke.