Non-judicial states also seem to have problems with banks using robo-signers and taking other foreclosure shortcuts, American Banker reports.
Q Are you familiar with the Nevada non-judicial foreclosure statute?A Only operationally.Q Is it your understanding that the Nevada non-judicial foreclosure statute requires that the company on whose behalf you’re signing a notice of default has the authority to foreclose?A I’m not familiar with that language.Q Is it fair to say you have no understanding at the time you execute a notice of default whether the company on whose behalf you’re actually signing that document has any authority to foreclose on the property?A I don’t, no.Q You don’t know whether they have any authority to foreclose?A Nothing direct. You know, I’m signing what gets sent, so –
Q So who told you the recording was requested by LPS Title Company of Nevada?A I’m not understanding your question. Nobody told me anything.Q Oh, this gets back to your saying that you’re merely signing a document, it doesn’t mean you’re saying anything in the document is true; right?A Correct.