Guilford lawsuit on mortgage 'robo-signing' dismissed
WOW! I mean come on, after all the fraud that was uncovered in this county alone? Lets recap shall we because this is absolutely mind-boggling?
NC Reg. of Deeds Thigpen Releases Approx. 4,500 DocX Signature Spread Sheet News-Record-An N.C. Business Court judge on Wednesday dismissed a lawsuit filed by Guilford County against some of the nation's largest banks for “robo-signing” mortgages and loan documents.
In the suit filed last year, Register of Deeds Jeff Thigpen said robo-signing let mortgage industry employees sign assumed names to financial documents.
That makes it hard to trace land titles, he said. Banks failed to keep proper paperwork on loans as they were traded and bundled as securities, Thigpen said.