If your mortgage document has a signature from "Linda Green," it could be fraudulent
Because Linda Green is a name that one of the bigger robosigners used. There's a ton of "Linda Green" signatures out there except, gosh darn it, they don't seem to look the same.* So if a bankster is trying to steal your house, that would be one thing to check. From Massachusetts TV station WHDH's "Hank Investigates":
Marie's home in Rhode Island was also in foreclosure--but now the bank's agreed not to kick her out.
"I don't have to uproot my kids. That's, that's a blessing." --Marie Medeiros, Homeowner
What Marie calls a blessing is really a signature - this signature that reads Linda Green. ...
There's a Linda Green signature on one of Bob's mortgage documents and on one of Marie's and on all these documents from mortgages on other people's homes.
You can see they're all the same name - but they're not written by the same person.
Hank: So what does that mean?
John O'Brien, Register, Southern Essex District Registry of Deeds: It means as far as I'm concerned, they're fraudulent documents."
Hank: So every single document that has this signature is fraudulent?
John O'Brien: I don't think they're legit!
These different-looking signatures can be traced back to a company in Georgia that lots of banks and mortgage companies hired to create and sign documents.
Investigators believe different employees signed the name "Linda Green" to thousands and thousands of Massachusetts mortgage documents.
So far, the Registry of Deeds for just part of Essex County has found 22 DIFFERENT versions of Linda Green signatures on paperwork from 33 DIFFERENT banks and mortgage companies. ...
When mortgage analyst Marie McDonnell searched the registry for just part of Essex County she discovered more than 6000 Linda Green signatures.
Marie McDonnell, Forensic Mortgage Analyst: I'm speechless. The scope of the problem is unimaginable, the depth of the fraud is shocking.
In Bob and Marie's cases the suspicious signature gave their lawyers ammunition to fight their foreclosures.
For Marie, the bank's now working out a new payment plan. In Bob's case, the bank backed down.
Jamie Ranney, Real Estate Attorney: They understand that proceeding with a foreclosure based on questionable documents is gonna be a problem for them.
Hank: And they stop?
Jamie Ranney, Real Estate Attorney: They do.
The story also points out that if you aren't in foreclosure, the "Linda Green" signature -- being fraudulent -- could also affect your ability to resell or refinance your home.
NOTE Via Yves.
NOTE * The servicers are too cheap even to fake it. I mean, how much does a rubber stamp cost, especially if you buy 'em by the caseload?