Maine lawyer uncovers faulty foreclosures

1:51 PM, Oct 21, 2010   |    comments
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DENMARK, Maine (NEWS CENTER) -- An attorney from Portland is getting national attention after uncovering the faulty methods banks were using to review foreclosure documents.

Thomas Cox volunteers at Pine Tree Legal, giving free legal advice to people facing foreclosure. While reviewing Nicole Bradbury of Denmark's foreclosure documents, he realized they were signed by someone with the title "limited signing officer," meaning the person's only job was to sign the papers. Cox arranged a deposition with the signer, and he admitted to signing hundreds of foreclosure documents without ever reading them. Now the nation's attorneys general are investigating. Banks have responded, saying that the problems are technical, and the facts in all of these cases are true. Cox says that answer is unacceptable.

"The message that the industry's putting out that these are just technical mistakes are a real red herring to the fact that they grossly abused the American judicial system by presenting many, many thousands of false affidavits to courts all over the country that judges believed to be true and entered judgements, taking away homes based upon them" Cox told NEWS CENTER.

Cox says Nicole Bradbury is still living in her house. GMAC filed a motion to dismiss her foreclosure to fix the problems and start the process over again. An attorney representing GMAC and Fannie Mae, the mortgage company that owns Bradbury's loan, declined to comment because the foreclosure case is still pending.

NEWS CENTER

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