The expected litigation frenzy against mortgage lenders that used "robo-signing" tactics -- mass signing and approval of foreclosure documents without verification -- has launched, with class actions in Florida and Maine and a lawsuit by Ohio's attorney general filed this month, all against GMAC Mortgage.
November 12, 2010 at 12:00 AM
1 minute read
The expected litigation frenzy against mortgage lenders that used “robo-signing” tactics — mass signing and approval of foreclosure documents without verification — has launched, with class actions in Florida and Maine and a lawsuit by Ohio’s attorney general filed this month, all against GMAC Mortgage.
Other purported class actions involving robo-signing have been filed in federal courts in Indiana, Kentucky, Maryland and New Jersey in recent weeks. Lawyers expect many more to follow.
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