Officials from banks and lenders are supposed to personally verify the information that is on foreclosure documentation before signing off on them. When these banks and lenders were faced with an overwhelming number of foreclosures, however, many of these officials signed off on documents automatically. This process, which has become known as “robo-signing,” saw foreclosure documentation being signed off on without review.

Instead of slowing down the process in order to keep up with the pace of foreclosures, and extending a grace period to troubled homeowners, they cut corners and pushed through the foreclosure documentation anyway. Robo-signing is fraught with issues such as doctored and forged documents, direct contradiction of the Pooling and Service Agreement and real estate mortgage investment conduit issues.

Understand the Foreclosure Process With Our Chicago Attorneys

Many in the banking industry have started to acknowledge “mistakes” with foreclosure documentation. These people also say, however, that these mistakes mostly concerned homeowners who were in default on their loans and would have lost their homes anyway, had a proper review taken place.

Unfortunately, that is not true in all cases, and many homeowners have not been given the chance to rework the terms of their loans. At the Law Office of Foreclosure Defense, our lawyers understand how to scrutinize these documents for signs that lenders are inflating their claims or are improperly trying to start or resume foreclosure proceedings against borrowers.