Thomas A. Cox, a retired lawyer, describes GMAC’s foreclosure process
and the work of its limited signing officer, Jeffrey Stephan in a court
filing:
“When a robosigner says in an affidavit that he has personal knowledge
of the facts stated in his affidavits, he doesn’t. When he says that he
has custody and control of the loan documents, he doesn’t. When he says
that he is attaching ‘a true and accurate’ copy of a note or a mortgage,
he has no idea if that is so, because he does not look at the exhibits.
When he makes any other statement of fact, he has no idea if it is true.
When the notary says that Stephan appeared before him or her, he
didn’t.”
Gee, how could anything go wrong in that situation?
This video show how they do it.
Note: The video may take a minute to load; it is 22 minutes long