Skip to main content

foreclosure sign

The proposed foreclosure fraud settlement the Department of Justice has been pushing, the one that would basically let banks completely off the legal hook for defrauding mortgage holders, apparently won't have Catherine Cortez Masto, Nevada's attorney general, signing on.
Carson City, NV – The Office of the Nevada Attorney General announced today that the Clark County grand jury has returned a 606 count indictment against two title officers, Gary Trafford and Gerri Sheppard, who directed and supervised a robo-signing scheme which resulted in the filing of tens of thousands of fraudulent documents with the Clark County Recorder’s Office between 2005 and 2008. [...]

”The grand jury found probable cause that there was a robo-signing scheme which resulted in the filing of tens of thousands of fraudulent documents with the Clark County Recorder’s Office between 2005 and 2008,”said Chief Deputy Attorney General John Kelleher.

The indictment alleges that both defendants directed the fraudulent notarization and filing of documents which were used to initiate foreclosure on local homeowners.

David Dayen comments:

LPS hasn’t been indicted, but you can see where this is going. We know enough now to know that this casual forgery and document fraud was official policy for the company. Indictments of Trafford and Sheppard will almost certainly not end there. Everyone who worked for LPS in Nevada will be culpable. [...]

The fact that they are LPS employees also suggests this is just a first step. This could be a way to get at the software that LPS uses to create documents, which would prove pattern and practice. LPS was central to the entire robo-signing scheme across foreclosure mill law firms and mortgage servicers. And they consistently maintain that they worked at the direction of the servicers and with their full knowledge. So that ropes in the servicers as well.

And Yves Smith compares this to mob prosecutions: "[Y]ou start by going after the foot soldiers in the hope that they roll people higher up on the food chain." But most importantly, it's showing that at least at the state level, the law still matters.

Originally posted to Joan McCarter on Thu Nov 17, 2011 at 09:31 AM PST.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Angie in WA State, JWC, Mimikatz, opendna, hannah, teacherken, glitterscale, Linda Wood, dfarrah, emal, superfly, Shockwave, wu ming, celdd, varro, SallyCat, expatjourno, Creosote, opinionated, concernedamerican, bronte17, djMikulec, chimpy, jbeach, ornerydad, jalbert, fumie, Cedwyn, hopeful, dksbook, MrSandman, sockpuppet, TexDem, white blitz, texasmom, NYFM, grrr, lcrp, lonespark, Mosquito Pilot, lurker123, lyvwyr101, rmx2630, Armand451, Gowrie Gal, Into The Woods, bobdevo, maybeeso in michigan, marina, Tinfoil Hat, Ckntfld, Unit Zero, democracy inaction, craigkg, myeye, drewfromct, where4art, quaoar, markdd, HiBob, JanF, Box of Rain, mightymouse, Land of Enchantment, reddbierd, forbodyandmind, Patriot Daily News Clearinghouse, Kingsmeg, cybersaur, 417els, Cartoon Peril, seefleur, KenBee, blueoasis, DarkestHour, gatorcog, JVolvo, Sagebrush Bob, middleagedhousewife, SingerInTheChoir, bajadudes, IL clb, Jbearlaw, Statusquomustgo, PhilW, bstotts, matx, Friend of the court, DBunn, clinging to hope, DorothyT, dotsright, ColoTim, la urracca, gustynpip, deepeco, aliasalias, Uwaine, GeorgeXVIII, madgranny, janatallow, MKinTN, Justus, angry hopeful liberal, HappyinNM, wayoutinthestix, Involuntary Exile, bythesea, Its any one guess, jakebob, jamess, mikeconwell, Calamity Jean, triplepoint, Neosho, catly, envwq, mofembot, Seamus D, petulans, CitizenJoe, aigeanta, BYw, HarpboyAK, Robobagpiper, lissablack, statsone, ZhenRen, Bule Betawi, J M F, arendt, divineorder, ewmorr, An Affirming Flame, Hugo101, kravitz, Keith Pickering, sfarkash, Larsstephens, Christy1947, freeport beach PA, Simple, dagnome, psychbob, Betty Pinson, science nerd, stevenaxelrod, Actbriniel, slice, Dretutz, Oldowan, swale44, poorbuster, Possiamo, FarWestGirl, Teiresias70, Alice Olson, trumpeter, antooo, Caddis Fly, beforedawn, Vatexia, jham710, DRo, DEMonrat ankle biter, MichaelNY, allergywoman, No one gets out alive, jacey, Cordyc, greenbastard, We Won, EclecticCrafter, ahumbleopinion, S F Hippie, barkingcat, Joieau, Trotskyrepublican, Dave in AZ, Horace Boothroyd III, Final Frame, MartyM, pittie70, New Minas, Kinak, bigrivergal, Marjmar, RonK, ShoshannaD, Dumas EagerSeton, Greenfinches, KalHermit

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site