Place 728 x 90 Ad Here

The Real Estate Bloggers

The Real Estate Bloggers

Foreclosure Robo-Signing Hits Sarah Palin – Clouds Title

Posted: 13 Jun 2011 09:39 AM PDT

PalinWe have talked long and hard about the robo-signing issues that have the opportunity to wreak havoc on the real estate market. Now the foreclosure Sarah Palin has bought in Arizona has the opportunity to bring the issue to the attention of the nation.

Palin’s company, Safari Investments LLC, bought a 1.7 million dollar foreclosure in Arizona this past May. Now if you know anything about Palin you know she is a polarizing figure in the media. Republicans love her and the Democrats despise her.

These emotions have gotten a group of people to analyze every inch of the documentation of the foreclosure that she bought in Arizona and came up with 2 instances of robo-signing. Now there may be a cloud over the title of her home, something her detractors are gleeful about.

 In a detailed graphic illustration of the paper chain leading up to the purchase of the 7,900-square-foot brown stucco Scottsdale home, McDonnell provided documents showing two fraudulent signatures involved in a refinancing and eventual foreclosure on the property. One of the signatures was “Linda Green,” the robo-signing moniker highlighted in an April “60 Minutes” piece.

“Linda Green” was supposedly a vice president at 20 different banks at the same time, according to the piece. In reality, it was a name forged by many different people at Docx, a company that ginned up legal documents that banks could use in court to proceed with foreclosures. via the Huff Post

The interesting fact the a witch hunt on Palin’s title is that if it is successful it will open the door for thousands if not hundreds of thousands of other claims against the banks. The real estate and banking industry have been working on making this issue go away with the politicians and it has largely flown under the radar.

But if an attack against the validity of Palin’s purchase and title to the property succeeds all hell will break lose in the real estate world. Palin has enough enemies in the political and media worlds that they will use this as a weapon to bludgeon her with giving the problem with faulty foreclosures the press to seriously open a gaping wound in the financial industry.

I have long been opposed to the banks taking shortcuts and denying those being foreclosed upon their rights. Now the banks may be facing their Bermuda Triangle of media and political attention.

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Foreclosure Robo-Signing Hits Sarah Palin – Clouds Title

Related posts:

  1. Ohio Attorney General Say Throw Out Foreclosures Based On Robo-Signed Paperwork In what could be a precedent setting move, Ohio Attorney...
  2. Bank of America Suspendeds Foreclosure In All 50 States As the Federal Government races to get a loophole passed...
  3. Foreclosure Paperwork Crisis is Red Meat For Bloodthirsty Lawyers Reading a paragraph out of an Arizona Republic editorial on...


Post a Comment

Note: Only a member of this blog may post a comment.

Real Estate © 2010 Template design by Vida de bombeiro . Powered by Blogger.
Vida de bombeiro Recipes Informatica Humor Technology Curiosidades Mensagens News Tecnology Curiosity Car News Saude Video Games Mister Colibri Diario das Mensagens Eletronica Rei Jesus News Esportes Noticias Atuais Pets Career Religion Fashion Recreation Business Education Television Programming Motosport Tech Arts Fashion Business Computer Academics Sport Design Photography Travel Ebooks Music Politic Science Education Gadget Games Ecology Fish Flowers Sociology Home Soccer Downs Center Handicraft Education Show Music Show Fashion Health Freak Drag Home Toscas Noticias dos Times Futebol Central do Coração Science Livros Politics Music Business Women Law Downloads Saude Downs Computer Downs World Tele News Wireless Tech Arts Fashion Business Computer Academics Sport Design Photography Travel Ebooks Music Politic Science Education Gadget Games Ecology Fish