Just in case you may have forgotten about the robo-signing scandal that first came to light in Florida, I thought that I might jar your memory. Florida happens to be a judicial foreclosure state while Nevada is non-judicial. In Florida’s case, the fraudulent document signers work ended up in court. But, the foreclosures in Nevada were for the most part settled at public auction on the court house steps. These never had to face a judge.
Now, it has come to light that Nevada is not immune for fraudulent signing. At least three notaries have now been charged with notarizing documents without actually witnessing the signing.
The three notaries had all worked for LPS, (Lender Processing Service) to handle paperwork for the banks. This is the same company at the center of the problem in Florida. Apparently, they had such a workload such that they could never witness every document within the time allotted.
The problems here, were addressed in AB 284. Now the foreclosing entity must certify that their documents are in order. The end result is that foreclosures will now take longer to complete the process.
Read More: http://www.cbsnews.com/8301-505245_162-57337111/3-nevada-notaries-named-in-foreclosure-fraud-case/