Last week 8 News Investigates aired a two-part segment (Part I and Part II) uncovering Virginia mortgage documents that contain fraudulent signatures. Signatures of known robo-signer Linda Green were found on document after document. According to local attorney Tom Domonoske, these fraudulent documents can cause big problems, especially when homeowners are trying obtain title insurance.In response to the Channel 8 News report, VPLC interns went down to the Richmond Circuit Court to look for more fraudulent documents. Not only were there many more documents containing Linda Green's signature, but also of other known robo-signers including Jeffrey Stephan and Bethany Hood. Many of the signatures have various forms indicating that numerous people were signing the same name.
When asked if the banks behind the fraud should be held accountable, Attorney General Ken Cuccinelli said "absolutely, absolutely, and we're intent on doing that."
Hopefully there will be accountability for robo-signing. In an article this week by the Associated Press, Senator Sherrod Brown said "Wall Street and some in Washington want us to believe that robo-signing is a thing of the past, but the same risky practices that put our economy on the brink of collapse continue to infect the housing market." Senator Brown, the chair of the Financial Institutions and Consumer Protection Subcommittee said that the subcommittee will hold a hearing on the robo-signing issue.
Additionally, the attorneys general in Minnesota, Massachusetts and Illinois have reported that they are looking into the extent of robo-signing in their states.
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