Reminded Me Of RoboCop
This is a pretty interesting article in today's WSJ:
"First, the affidavits IndyMac used to file the foreclosure were signed by a so-called robo-signer named Erica A. Johnson-Seck, who routinely signed 6,000 documents a week related to foreclosures and bankruptcy. That volume, the court decided, meant Ms. Johnson-Seck couldn’t possibly have thoroughly reviewed the facts of Mr. Machado’s case, as required by law."
This probably won't have much of an effect on anything, but banks are stopping foreclosures to re-examine the processes that led up to them. If anything (unfortunately), this is probably going to put more money in lawyers' pockets while not keeping so many people in their homes.