I read with amusement the filed response by Deutsche Bank regarding "Execution of Signed Affidavit" in a foreclosure case (Deutsche's Response to Bogus Affidavit.pdf). It showcases the strategy that banks are going to use in whitewashing the rampant fraud that has taken place in the mortgage industry. Your first clue that there is a problem is the title of the case. The case caption (title) reads: Deutsche Bank National Trust Company, as Trustee for Long Beach Mortgage Loan Trust 2006 -4 v. India Channels. Although the bank suing for foreclosure is Deutsche, the bank filing a response is Chase! The filing states:
"Chase/Washington Mutual Bank, FA has engaged independent outside counsel to review its affidavit preparation and signature process to confirm that it satisfies documentary and
evidentiary standards. Chase/Washington Mutual Bank, FA requests that the court not
enter judgements in pending matters until it completes this review. It is anticipated that this review should be completed in a few weeks."
From all reported accounts, we're talking about hundreds of thousands of affidavits and they're going to review them all for accuracy in a few weeks? Riiiiight. First we had Robo-signors and now they will appropriately be reviewed for accuracy by "Robo-Reviewers."
The Florida Attorney General is on the executive committee of a nation wide task force of AG's looking into this problem. The problem is huge. Everyone should be outraged if criminal charges are not brought for this ongoing and intentional fraud upon homeowners everywhere by the banking industry and law firms they employed. What about you? Are you sure that whoever you're paying your mortgage to has a right to collect the money? This affidavit issue is just the tip of a huge iceberg.
The documents would not have to be backdated, forged, etc if they had been properly endorsed to begin with...but it appears that they weren't. I'll be writing more on this issue - stay tuned!
