Despite the fact that banks continue to enter into settlement agreements with the Government, banks are accused of continuing the illegal practice of robo-signing.

According to an investigation of local foreclosure affidavits conducted by Go Local, Bank of America, Ally Bank, CitiBank, Chase, and Wells Fargo are violating their current settlement agreement with the federal government by engaging in the wrongful practice of having people sign affidavits under penalty of perjury when the signers lack the personal knowledge required to sign the affidavits.

The investigation involved nearly 200 affidavits filed with the Registry of Deeds in Worcester and Essex Counties in Massachusetts, by or on behalf of Bank of America, Ally Bank, CitiBank, Chase, and Wells Fargo.

Geoffrey Broderick, the senior partner of the Resolution Law Group, says “Banks have been robo-signing deeds and affidavits for years.  This is not news.”  60 Minutes exposed the practice years ago, and banks and servicers admitted to the wrongdoing.  However, after being featured on 60 Minutes, people assumed that many lenders and servicers stopped the wrongful practice.  Mr. Broderick adds that “The fact that five of the nation’s largest banks continue to robo-sign after entering into a series of settlement agreements with the government demonstrates that the banks are not afraid of the government.  That is why The Resolution Law Group continues its fight against the banks.  Homeowners cannot expect the government to protect them from the banks.”

The Resolution Law Group continues to prosecute ground breaking litigation in Federal Court on behalf of homeowners suing lenders and servicers for, among other things, the illegal use of MERS, robo-signing, and intentionally ignoring underwriting standards and encouraging inflated appraisals.

The Resolution Law Group is currently enrolling clients into the pending lawsuit.  For further information, visit its website at www.TheResolutionLawGroup.com

Lender Litigation, Unlawful Foreclosure, Tarp Money, Mortgage Backed Securities, Derivitives Lawsuits, Insider Trading Lawsuit, SEC Settlements, Ponzi Scheme Lawsuits, Intentional Misrepresentation, Securitized Mortgage, Class Action Securities Lawsuit, Robo-Signing Lawsuit, Lost Equity Litigation, Mortgage Lender Fraud, FINRA Fraud Lawsuit, Suing Banks, Fraudulent Misrepresentation, Short Sale Fraud, Fraudulent Business Practices, Mortgage Litigation, Complex Tort Litigation, Injunctive Relief, MERS Fraud

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