San Antonio residents who get hit with a foreclosure notice usually don’t find it surprising. The financial circumstances that led to their inability to pay their mortgage — sure, these might have taken them by surprise. However, they probably expected the foreclosure notice that came several months later.
Regardless of how you got into the foreclosure jam you’re currently facing, it’s time to get as strategic as possible and — you guessed it — fight back! You’ll have a lot of foreclosure defense strategies at your disposal. The one we’re going to talk about here involves the identification of “robo-signed” documents.
Hark back to your high school days, when most of us had a teacher who never bothered to read the essay. He or she just gave you a check, or a “plus,” after seeing you’d written several pages in your manuscript. Maybe some of your classmates even turned in gibberish, knowing that the teacher was never going to read it.
The truth is that banks aren’t always as organized as we think they are. In fact, they don’t always review the loans put before them, and sometimes the bank officers simply sign these loans without looking. If this happened in your property that the bank is currently trying to foreclose, it could help your foreclosure defense.
Some “foreclosure defenders” have challenged the bank in lawsuits, claiming that the bank transmitted false documents — like affidavits that claimed the bank’s employees reviewed the loan details when in fact they didn’t. Not every San Antonio resident who is being foreclosed on will be able to use this strategy, but some will.
Source: NPR, “Foreclosure Defense: A Strategy Based On Banks Losing The Paper Trail,” Bill Cappel, accessed Dec. 06, 2017