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September 24, 2011

Issues With Home Owners Signatures on Mortgages

We all have heard by immediately of the issues that banks and other lenders are having with enforcing mortgages due to “robo signing” or “rubber stamping” mortgage documents. Banks have been accused of committing fraud by not having the actual person sign the mortgage that is required to and as a result, foreclosure have been challenged, and in many cases successfully. However, what happens in the reverse situation. What if someone signs their designation and then either at the age of the closing or later signs a co-debtors designation to the mortgage document.
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