The foreclosure crisis has caused more people to lose their homes than all of North Carolina's natural disasters combined. There are nearly 70,000 foreclosures filings each year in our state. In the case of Linda Dobson, WellsFargo foreclosed without proving it owned the loan on her house. Her case is being heard by the NC State Supreme Court on October 17, 2011. Linda Dobson is not alone. Tens of thousands of borrowers loan documents were lost and then fraudulently recreated by large lenders in order to foreclose.
Banks are filing foreclosures without the legally required proof of title. You may have heard of this - it has been called the "Bank RoboSigning Scandal." Their negligence hurts homeowners. It also means that we have lost the trail of clear title on many properties. Without those records, future sales of those homes may be invalid.
Watch the 60 Minutes video to understand the extent of the intentional fraud committed by banks.
NC Attorney General Roy Cooper is negotiating a settlement with large lenders who falsified loan documents. Leading non-profit advocates sent this letter asking for a strong settlement to hold banks accountable and repair the harm to homeowners and neighborhoods.
Will you please join us by signing this petition to Roy Cooper?